economic development

Destiny USA

There's an old promotional video the developer behind the Destiny USA megamall released several years ago. It includes images of glass-enclosed golf courses, huge hotels and helicopter tours of upstate taking off from Syracuse's Inner Harbor.

Despite ending by promising "grand opening, summer 2004," you won't see any of that on the shores of Onondaga Lake today.

All you'll see is an even bigger mall - despite developer Robert Congel winning a 30-year property tax break worth about $600 million as an incentive from the city to build the Disney Land-like attraction.

New York's fiscal watchdog wants lawmakers to give his office more power  over economic development organizations that he says are being misused in some cases, by local governments in New York state. Comptroller Thomas DiNapoli has his eye on Local Development Corporations.

Will Wallenda's wirewalk help Niagara Falls' economy?

Jun 15, 2012
Daniel Robison / Innovation Trail/WBFO

Nik Wallenda will walk across Niagara Falls on a highwire tonight.

The city of Niagara Falls, New York sees Wallenda’s wirewalk as its best change in decades to revive tourism and spark economic development, but measuring Wallenda’s long-term impact may be tough, assuming there is one at all.

The North Country Regional Economic Development Council is preparing for an influx of funding applications this July. Regional councils are part of Governor Andrew Cuomo's plan to distribute economic development aid throughout the state using a community-based, bottom-up approach to building New York's economy. A public forum was held by the council in Watertown last night.

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