The construction of a new college bookstore on the Syracuse University Hill is in danger of losing its tax break if construction doesn’t start in the next month.
The university and the developer it selected, Cameron Group, won over Syracuse’s city council and industrial development agency (SIDA) for approval of the deal in August 2012.
But since shovels still haven’t broken ground on the project a year later, the city’s economic development agency this week voted the project in default of its contract. The developer has another 30 days to begin work.
More and more buildings are making the push to become LEED certified, a voluntary system that rates the environmental sustainability of projects. But what is LEED and how is it used to determine how green a building is?
Syracuse City Hall is taking the next step in the development of the Inner Harbor. The Syracuse Industrial Development Agency has started the environmental review portion of the project, that would bring residential and commercial traffic to Syracuse's Inner Harbor.
Onondaga County lawmakers have taken the first step towards creating a new joint city of Syracuse-county planning agency. Current city and county offices that both have planning duties will be combined into one.
Legislator Kathleen Rapp says the consolidation of the two planning departments will streamline the current planning process, easing the regulatory burden for businesses that deal with zoning issues.
The quiet western New York farming community of Alabama sits among acres of farm and wetland. It’s also the site chosen for a new Science Technology and Manufacturing Park, known as STAMP. The high-tech park has also been the subject of some public scrutiny, as Genesee county rates highly amongst top agricultural producers in the state. The project is also an example of when the values of agricultural communities are starting to rub up against an upstate development agenda focused around high-tech manufacturing.
Syracuse Mayor Stephanie Miner says the city isn't giving up on the latest proposal to renovate the Hotel Syracuse. A plan for the city to take over the tax delinquent property stalled last week when, Financitech, which holds the mortgage on the hotel, paid back taxes at the last minute.
Developer Erich Seber gives local officials a tour of the Woolworth building in downtown Watertown.
After founding his first stores elsewhere, Jefferson County’s Frank Winfield Woolworth bought the building in Watertown where he got his start in the dry goods business, intending to raze it and build one of his own stores. Woolworth died before he could see it, but his company realized his plan and the building’s a central part of the early history of the five-and-dime chain. After years of vacancy, two developers have plans to revive the landmark.
Sen. Charles Schumer is bringing his influence to the latest plan to revive the Hotel Syracuse. The Democrat senator believes a federal tax credit program would help draw investors that would be willing to spend the millions it would take to restore the Warren Street historic landmark.
Syracuse's Director of Planning and Sustainability Andrew Maxwell accused the Syracuse Common Council Monday of "moving the goalposts" on enacting the city's 2040 Comprehensive Plan, which would be a guide to future zoning and land-use policies in the city.
Senator Charles Schumer is hoping some federal dollars will help keep the Inner Harbor development project in Syracuse moving ahead. He's personally requesting that the federal Economic Development Administration approve a $2 million grant for the project.
ShoppingTown Mall in Dewitt remains in a kind of limbo, after its former owner defaulted on a loan last year. Local government officials say they have been unable to reach the company that has taken possession of the property, to find out what it's plans are. After getting U.S. Senator Charles Schumer on the case, there are now some answers.
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.
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 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.
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.
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."