SRC Development Group, LLC Statement:
This world class mixed use project, featuring retail, residential, restaurants, hotels and entertainment venues, will be the largest and most expensive development in Monroe County history.
This is an extremely complex venture, but there are several highlights. We have already invested $93 million inthis project. To complete this development, we will invest more than $750 million and create over 11,000 construction jobs over four years and over 3,600 permanent full-time equivalent jobs.
We are hard at work on a number of potential financing models for the pubic purpose infrastructure components, includingone, which involves an incremental sales tax financing plan. But thatmodel is only one of several we are exploring.
We remain committed to working together with our elected officials on the , State ,local and Federal levels to create a project unlike anything else in upstate New York, one which will create jobs and State, County and Federal tax revenues and provide nationally-recognized shopping, living and entertainment opportunities.