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It would include an exhibition/trade center, office and lab space to accommodate 25 companies, an aquarium and aquatic gardens, a multimedia center, 20 luxury apartments and an observation deck. The 155,000 sq. ft. facility would be designed by world-class architects Waterstudio, of the Netherlands. The project would be financed through private equity bonds. Listed as potential partners are Fraunhofer Center for Sustainable Energy, USA/Germany and Citic Guoan Group, Beijing, China. The group indicates it would welcome “additional monies and tax credits.”
That's nice. It's THEIR money to risk, it should NOT be the taxpayers'.
They can welcome tax credits to their hearts' content... it shouldn't happen. Them thinking that it will be financed through 100% private sources will show just how realistic this project is.
No more hoping on a [taxpayer] dime. Put your money where your mouth is... and all that jazz.
That's nice. It's THEIR money to risk, it should NOT be the taxpayers'.
They can welcome tax credits to their hearts' content... it shouldn't happen. Them thinking that it will be financed through 100% private sources will show just how realistic this project is.
No more hoping on a [taxpayer] dime. Put your money where your mouth is... and all that jazz.
I understand where your coming from, but tax incentives are a reality. The state of Georgia provided $410 million dollars for $1.2 billion Kia Auto Plant in West Point, Georgia, (rhetorical question) but would you oppose that in CNY? Granted, there is a big difference between an auto plant and an expo center, but the reality is they can build it anywhere. If CNY is going to be a center of environmental research and development, it makes sense to have a project like this (pending more details of course) in CNY. The economic mulitplier might be worth the initial incentive, due diligence is needed. It would be refreshing for the investors listed to complete the project without incentives, but I am sure they will be asking.
That sounds like potential project that would fit in the Inner Harbor. I think Oswego is starting to push forward and make itself more marketable. So, I'm not surprised to hear about something like this up there. It has the history, water, a college campus, events, some nightlife and could appeal to those that like winter sports or the outdoors in general. There has even been some loft apartments built there. So, it is something to keep an eye on.
That's nice. It's THEIR money to risk, it should NOT be the taxpayers'.
They can welcome tax credits to their hearts' content... it shouldn't happen. Them thinking that it will be financed through 100% private sources will show just how realistic this project is.
No more hoping on a [taxpayer] dime. Put your money where your mouth is... and all that jazz.
I agree with you 100% in theory and about 90% the way things work these days.
Something that are tax free locally like SU and Turning Stone and the above mentioned Kia plant make me wonder. Basically amounts to taxing the employees, sales and income and NY's thousand other taxes. I'd like to see some hard numbers from an independent source if they are a win or not.
I agree with you 100% in theory and about 90% the way things work these days.
I'd like to see some hard numbers from an independent source if they are a win or not.
I agree, I would have to see more details before jumping on the bandwagon.
As far as SU or Turning Stone vs. a (say) Kia, its apples to oranges. The former two are tax exempt, SU is a private not-for-profit university, T-S is protected by the Bureau of Indian Affairs as a soverign nation, but Kia is a private business looking for tax incentives to locate in West Point, Georgia. The amount of investment $1.2 billion, taxes paid by employees, property taxes, school taxes, etc. will far outweigh the initial $410 million investment by the state. I wouldn't mind a Kia plant in CNY, but its not going to happen since NYS is a union state.
That sounds like potential project that would fit in the Inner Harbor.
I was thinking the same thing, esp. the aquarium part of the project. I think the only problem would be the design, it would have to change. It would not fit in with the historic character of Franklin Square, but would actually complement Destiny USA. I still like COR's proposal for the inner-harbor, but open to ideas. If NOVA Oswego is feasible, it all works to the benefit of CNY. Syracuse will benefit indirectly and may tie into the CoE to Oswego. It is too early to tell.
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