development

3:46pm

Wed July 18, 2012
Regional Coverage

Syracuse gets money to revitalize old industrial zones

New York Secretary of State Cesar Perales discusses Syracuse's brownfields as Mayor Stephanie Miner looks on.
Ryan Delaney WRVO

Syracuse will use money from a state program to take another step in the long process of redeveloping former industrial sites.

Syracuse is getting a $500,000 Brownfield Opportunity Area (BOA) grant for work on 113 acres just south of downtown and a 478 acre strip through the east side of the city. 

The grant is for the development of a revitalization strategy, the second of three phases of the BOA program, according to Owen Kerney, the city's deputy director for planning and sustainability.

Read more

8:06am

Tue July 10, 2012
The Upstate Economy

Syracuse OK's 30-year tax break for university bookstore

The Syracuse Common Council approved a 30-year tax break for a new bookstore and fitness center for Syracuse University.
Cameron Group, LLC.

Those for it say it has little resemblance to Destiny USA other than the length of the tax break. But those in opposition disagree strongly.

Months of debate about Syracuse's development strategy and negotiations culminated Monday with the city granting just its second-ever 30-year property tax exemption.

The recipient is a developer who will build a mixed-use off-campus bookstore and fitness center for Syracuse University. The property in question is a long sliver of land currently owned by the nonprofit university, so it's not taxable.

Read more

9:26am

Mon July 9, 2012
Politics and Government

Syracuse poised to award second 30-year tax break

The Syracuse Common Council will vote on a proposed tax break for a new bookstore and fitness center this afternoon.
Cameron Group, LLC

Syracuse appears ready to give out its second 30-year tax exemption after months of debate. The decision comes at a time when many in the city are skeptical of public backing for development.

The Common Council has called a special session for later today to vote on the property tax exemption for a developer planning to build a Syracuse University bookstore and fitness center in the University Hill neighborhood.

The vote was supposed to happen back in March, but it was pulled at the last minute because it faced certain defeat. In the months since, councilors have negotiated with the developer and university.

On Friday, councilors confirmed the deal will finally proceed because it has gained the needed five votes.

Read more

10:16am

Thu June 14, 2012
Development

After Destiny USA debacle, Inner Harbor plans face a wary council

COR Development has proposed a $350 million project for the Inner Harbor that includes a hotel.
QPK Design via COR Development

(CORRECTION June 18th, 2 p.m.: The original version of this story incorrectly stated the estimated cost of environmental cleanup. That amount is roughly $12 million.)

The topic was the redevelopment of Syracuse's Inner Harbor, but it didn't take long for a councilor to bring up the elephant in the chamber: the failed expansion of Destiny USA.

But Steven Aiello, president of COR Development, didn't have much choice on the timing of his meeting with the Syracuse Common Council.

It was just last week that grand plans by the developer of Destiny USA were finally laid to rest.

Aiello isn't looking to build a mall, but councilors couldn't help but raise concerns. The proposed project is just down the road from what was once going to be Syracuse's Disney World.

Read more

4:30pm

Wed June 6, 2012
Regional Coverage

Destiny USA: Expansion could be at an end

The expansion of Carousel Center in Syracuse could be at an end, at least for now. The developer of the mall complex that will soon be known as Destiny USA, is now calling this the final phase of the development.

Syracuse Mayor Stephanie Miner says the city development agency found out yesterday that the developer was exercising a clause in an earlier agreement that would allow them to make this move.

Read more

5:11pm

Mon April 9, 2012
Politics and Government

Tax exemption for Syracuse bookstore hinges on public access

The Syracuse Common Council is inching closer to approving a proposed tax break for a new bookstore and fitness center.
Cameron Group, LLC.

A new bookstore and fitness center on University Hill in Syracuse may get a tax break after all.

The margin needed for approval has narrowed.

Members of the Syracuse Common Council and an economic development official confirmed Monday that new terms on the deal have been reached, at least in principal.

Read more

3:14pm

Thu March 22, 2012
Regional Coverage

Clayton officials say development projects fill gaps in tourist town

There's a lot of development just around the corner in Clayton, a summer tourist destination on the St. Lawrence River. Town and village officials – and local business owners – are excited about several projects in the works that could put back to use a former industrial site along the river.

Read more

6:02pm

Tue March 20, 2012
Education

Syracuse bookstore is flash point in debate over development

The Syracuse Common Council has decided to negotiate more on a proposed tax break for the building of a new bookstore and fitness center for Syracuse University.
Cameron Group, LLC.

The make-up of the Syracuse Common Council was different when Thomas Valenti and his firm, Cameron Group, first approached it six years ago, but the opposition to the proposed project is still the same.

Valenti wants to develop a new off-campus bookstore and fitness center for Syracuse University.

In order to do that, he's requesting a 30-year property tax break from the city.

And therein lies the sticking point.

"If you have all of these grand ideas, then you should be able to finance this project," councilor-at-large Helen Hudson says. "We just can't keep excepting all of these entities."

Read more

Pages