Tuesday, February 2, 2016

Another Mall ?

   We've all seen lots of "developer eyes (fill in the blank)" stories, so this one has to be viewed through that prism.
    This one is for an outlet mall, with an auditorium.  Brick and mortar retail is suffering, so I don't know if more space under cover  is really needed.
http://www.wwnytv.com/news/local/Outlet-Mall-Proposed-For-Town-Of-LeRay-Property-367410171.html

13 comments:

Anonymous said...

Funny stuff

Anonymous said...

You never know...if you can get enough corporate welfare, you just might be able to justify building retail here.

Anonymous said...

I think the building phase has peaked in this area. The former mercy site for example should be designated a green area for the city. We could have our own little central park there. that would be nice. wonder what the first step would be in making that happen?

Anonymous said...

Not gonna happen

Anonymous said...

Outlet malls still attract, drive to Waterloo if you don't think so. 50% of the parking lot is filled with Canadian cars. Their dollar may be in the tank right now, but they still love the outlets. Depending on the size it could be a winning addition.

Anonymous said...

The Town of Leray needs to stop screwing over its tax payers with incentives for retailers.

Anonymous said...

Is going to be similar to the Outlet Mall adjacent to the TI Bridge?
Oh wait. That never happened.

By the way, how's COR doing on Mercy. Not a single sheet of paper to the Planning Board. Hmmmmm. Luxury apartments and high scale retail? Nah.....never gonna happen.

Anonymous said...

I hopersonally them get a 25 year pilot. That will bring lots of 15 per hour jobs

Anonymous said...







Syracuse, N.Y. — Syracuse Mayor Stephanie Miner's administration is appealing a court decision that tossed out part of the city's lawsuit against the developer of the Syracuse Inner Harbor.

The city today asked an appeals court in Rochester to overturn state Supreme Court Judge James Murphy's order dismissing the city's attempt to force COR Development Co. to return approximately 28 acres of land around the harbor to the city.

Murphy ruled Dec. 30 that the city could not require COR to return the land even if the city proved its allegations that the Fayetteville-based development company committed fraud while negotiating its purchase of the land from the city.

Miner sued COR Dec. 15, alleging the company broke a promise not to seek property tax exemptions for its proposed $342 million transformation of the harbor into a hotel, residential, retail and office complex. The harbor is a former state Barge Canal terminal south of Onondaga Lake.

The lawsuit was filed just hours after the Onondaga County Industrial Development Agency approved $44 million in tax exemptions for COR's project. COR denies it promised the city it would never ask for tax exemptions.

Following a hearing, Murphy ruled from the bench that the city could seek monetary damages if it proved that COR committed fraud. However, he said it would be impractical to force COR to return the land because the company has nearly completed construction of a 134-room, $22.8 million Aloft Hotel on the south bank of the harbor and started infrastructure work elsewhere at the harbor.

Murphy also dismissed a lien the city had placed on the land. His rulings were made formal with the filing of his written order Jan. 25. The city filed its appeal with the Appellate Division of state Supreme Court.

The rulings took away the biggest potential hammer the city could wield at COR — the ability to stop the company from completing the hotel and obtaining construction loans for future phases of the project. Such a hammer would have strengthened the city's hand in any settlement talks.

Murphy has not yet ruled on the city's fraud claims against COR. But the city's appeal of the rulings he has made are an indication that the legal battle between Miner and the developer could last many more months.

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Anonymous said...

Well 9:09 the sign on the mercy site has Gov Cuomo's name on it. Start right there. He stepping up for the folks with the salt problem. He might just be interested in some more good will in this area to help with the safe act backlash up here.

Anonymous said...

Coming Soon! Mercy Parking.

Hell, there's already a layer of gravel.

Anonymous said...

I think they should build an arena and sell the naming rights. Oh, and have ice in it. What do you all think? I am laughing as I write this.

Anonymous said...

Forget Mercy. (Thanks to Samaritan blueblood board)
Forget COR.
Remember Urban Renewal.