Charleston Harbor Deepening Project (Post 45) Charleston Harbor ...
2018 Report to the County Legislature (3-4-19)...Mar 03, 2019 · Mohawk Harbor Casino 1,058 jobs...
Transcript of 2018 Report to the County Legislature (3-4-19)...Mar 03, 2019 · Mohawk Harbor Casino 1,058 jobs...
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2018 Report to the Schenectady County Legislature
March 4, 2019
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Momentum Continues
96 announcements in 2018
More results = more investment
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Key Aspects of Unified Economic Development Team Efforts
Smart growth
Single point contact
Real results
Good paying jobs
Quality construction
Rebuilding capital stock
Green
Protect the Aquifer
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Economic Development Team Creates Revenue
61 Pilots paid $15.4 million -- 55 or 90% of the Pilots paid $0 or nominal amount prior to project
$2 million Trustco sale
Trustco parking lot sale pending
$100,000 for Aqueduct land sale for Rivers Ledge development
$81,200 for assuming parking lease at former DMV
$250,000 for former DMV sale
Sale of airport property, former DSS, etc.
Every project directly adds sales tax/property tax/jobs.
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Rotterdam
The Residences at Vista Square opened at former town-owned, long vacant Curry Road Plaza
Metroplex paid $350,000 for demolition and $140,000 for sewer/Town received $350,000 for site
Total investment by developer $28 million
Metroplex ROI = 57 to 1
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ViaPort Rotterdam
Former Macy’s open as NYS Contact Center
$1 million investment by Metroplex leveraged $8 million private investment
700 State jobs to County
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Crosstown Commons
On City/Rotterdam border
Total makeover for Plaza
$3.5 million investment
7th retail center project
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Rotterdam Corporate Park
Largest business park in Capital Region
Largest business park in Capital Region
Almost 4 million square feet
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Rotterdam Corporate Park
New 100,000 square foot building
$5 million at site where WW1 buildings were demolished = smart growth
PiSA BioPharm $66 million, 187,000 square feet,100 new jobs
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Rotterdam
Bike trail connection in Rotterdam
$200 million for Statewide Trail connections
$7 million for Rotterdam Junction
Will provide for trail connection from Colonie / Niskayuna line to Montgomery
County line
Gatherers Granola to Hamburg Street –former GU now 100% occupied, Town completes Hamburg Street corridor improvements
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Rotterdam
Bobby Young Auto clean up to protect Aquifer
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Princetown
Solar Development $38 million investment by Teichos Energy from Seattle
150 acre site – 20 megawatts
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Duanesburg
Working with Town on other agribusiness prospects
Sewer work completed – partially funded by Metroplex
Back Barn Brewery
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Niskayuna
Williams Auto $30 million Rivers Ledge final approvals received
Adds to waterfront momentum – site work starts this month
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Niskayuna
E/One expansion – two projects
5,000 square feet, $400,000
10,600 square feet, $2 million
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OD Heck
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Niskayuna Commerce Park
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Niskayuna Zombie Properties
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Glenville
$1.485 million airport infrastructure grant enabling private investment of $4 million in new hangar and office/REVA expansion
New water lines $150,000
Bruno Associates 15,000 square feet(completed)
C2 Design Group 12,000 square feet (under construction)
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Airport Business Park
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Glenville Business and Technology Park
$420,000 rail grant to assist Dimension Fabricators and Adirondack Beverages
SQP $8 million investment, 45 new jobs, 100 retained jobs
BelGioioso 100,000 square feet new construction, $25 million, 100 new jobs
2nd CTDI building 100,000 square feet
Fiorello Pharmaceuticals
Best tasting water winner - Glenville
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Glenville Business and Technology Park
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City of Schenectady
Another year of growth downtown Major investments in City neighborhoods
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Downtown Plan
Phase I: Broadway to Proctors Block to Jay to new Golub HQ replacing closed Big N site
Phase II: Erie from renovated GE campus to new Mohawk Harbor replacing closed Alco site
Phase III: Lower State from Erie to SUNY Schenectady
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Phase I Largely Complete
Bridges fixed and lit up – State Street, Union, Liberty, Erie next
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Jay Street Lighting
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New Train Station
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Phase IRenovation of former Schaffer Senior Center $5.7 million
426 State Street more upgrades - $250,000 private investment
Union Inn - $500,000 private investment
Former DSS $3 million, 16 apartments, 100% leased
432 Franklin Street near City Hall
Seneca Block Building
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Phase I
Former Labor Temple
Foster Block completed - $7 million, 21 apartments, 7,000 square feet of offices, ground floor retail
Former Gazette Press $5 million, 20 tons debris removed
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Phase I
Clinton Street Mercantile
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Phase I
Garage new deck, new sign, other upgrades
Proctors 1,000+ events
25 companies at URBAN CO-WORKS
Entertainment-technology mix
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Phase II: Erie from GE to Harbor
New apartments on Erie $5.8 investment
Former Trustco $4.5 million renovation office/apartments
Alltown Market $4 million
Alco tunnel trail
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Mohawk Harbor
Casino 1,058 jobs
Alco Heritage Trail
Beekman headquarters
Delta Engineers
LeChase Construction
Harbor Jam
Aquatics Center $15 million
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Phase III: Lower State
Jahnel Group 50 new jobs, leasing 17,000 square feet at top floor of the Mill Artisan District
Restore NY grant $1.8 million for $20 million private investment includes former DMV on State, 134 State, 302 State
Old Y at 13 State 100% occupied across from new Gateway Plaza
Mill Artisan District - Frog Alley Brewery
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Phase III: Lower State
Bountiful Bread
Electric City Apartments
Armory
Alco trail link bridge to bridge
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Neighborhoods
Live in Schenectady $3.5 million
Yates Village $25 million
Renaissance Square $19 million
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Neighborhoods
Joseph Allen Apartments $18 million
Summit Towers Renovation $7 million
Hillside View Phase I $20 million, Hillside View II $40 million
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Neighborhoods
Elmer Avenue School $10 million
Land Bank demos and renos over 120 buildings $7.1 million
Tribute Park $550,000
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Former Bank at Union and Van Vranken $1.65 million
New Crane Street Library $2.6 million
New Boys/Girls Club $13 million
Neighborhoods
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Neighborhoods
Upper Union streetscape and facades $2.4 million
Crane Street Commercial corridor facades $460,000
Home sales of city owned property record year in 2018: 146 sold $2.43 million
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Reporting
Budget Report
Certified Financial Audit Report
Procurement Report
Investment Report
Report of Operations
Statement of Mission/Measures
Report of Properties
Five-Year Capital Projects Plan
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Summary
$275 million in new investments
600 new jobs
Thank you to Unified Economic Development Team