Medley Centre Wants $250M in State Financing

Irondequoit, N.Y. – The owner of Medley Centre is seeking $250 million in sales tax incremental financing for the redevelopment of the mall.

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sndrake - 5/3/2012 5:23 PM
1 Vote
I certainly hope someone in Albany has the guts to say this idea is dead. This guy has strung the town of Irondequoit along for years, not meeting commitments and refusing to pay the penalties for that failure. Now he wants a quarter billion dollars of *our* money paid in sales tax to pay off his construction loans. Especially at a time when budget constraints threaten services for the old, ill and disabled giving away tax money to this individual in this way is outrageous. How many police positions will we lose? How many firefighters? How many parks close? I have a better idea - find a way to take the property away from this guy and find someone with better ideas and *funding*.
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