[CPEO-BIF] Penfield, New York bayfront housing project

[Lenny Siegel <lsiegel@cpeo.org>]

Penfield bayfront housing project gets tax breaks

by Diana Louise Carter
Rochester Democrat and Chronicle (NY)
October 15, 2013

The County of Monroe Industrial Development Agency approved a nearly  
$2.2 million tax abatement Tuesday for a housing complex in Penfield  
overlooking Irondequoit Bay.

Alan J. Knauf, an attorney for the Southpoint Cove LLC apartment  
complex project, said digging will begin Wednesday on the 26-acre  
property off Empire Boulevard in Penfield. First, the project must  
clean up a toxic waste site, removing soil containing PCBs and lead  
and then capping the excavation with what Knauf described as a layer  
of tarp and two feet of clean fill. About four acres of the site  
constitute a brownfield and must be remediated before construction  
can begin.

…

The $54 million project will comprise 10 three-story buildings with  
underground parking and is expected to create nine full-time jobs.  
Apartments will rent for $800 to $1,500 a month with most rents  
around $1,200, Knauf said. Nine jobs would be created by the project.

...

For the entire article, see
http://www.democratandchronicle.com/article/20131015/NEWS01/310150028

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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