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Thursday, feb 27
Politics
Mount Vernon Mayor Proposes $116M City Budget
Mount Vernon Mayor Richard Thomas has proposed a $116 million 2019 budget that will represent a $100 property tax increase while maintaining essential services in the city. Last week, Thomas presented a $160,009,845, which “pays for services, invests in productivity, revenue generation and infrastructure,” while staying under the state’s mandated tax cap of 2.7 percent. It is an increase of approximately 4 percent from the 2018 adopted budget ($111,247,888) and would include the appointment of 18 new staff positions within the city. Thomas noted that the tax increase would work out to appro…
Business
Westchester County Association Rebrands Itself For First Time Since 1950
The Westchester County Association has completed a years-long transition from a leading business membership organization to Westchester’s most powerful economic development entity. On Monday, Sept. 10, to better reflect its policy and action-oriented identity, the Westchester County Association unveiled its first major brand realignment since its founding in 1950. The new brand emphasizes the WCA’s heightened focus on its high-level advocacy – which has long differentiated the organization within Westchester’s business community – and sets the stage for a series of major new economic devel…
Politics
Cuomo Campaign Is Trying To Get This Molinaro TV Ad Pulled, Report Says
Gov. Andrew Cuomo’s re-election campaign has filed a cease-and-desist letter to television stations trying to have his Republican challenger's new ad pulled from the air, claiming it is “false, misleading and defamatory” because the news article cited does not say that Cuomo himself is being probed as part of the Crystal Run investigation. Dutchess County Executive Marc Molinaro, Cuomo's GOP opponent, unveiled the TV ad this past weekend slamming Cuomo of New Castle about corruption convictions involving some top state aides and advisers. “It is false, cheap and nasty,” Cuomo campaign spoke…
Politics
Corruption Probes Won't Hurt Re-Election Chance, Cuomo Says
t’s not the governor -- just associates and appointees surrounding him. Gov. Andrew Cuomo of New Castle continues to distance himself from a federal corruption scandal that has tarnished the reputation of his economic development projects, according to media reports. Cuomo argues that a series of guilty verdicts won’t hurt his chance of re-election in the fall. “I think there has never been a suggestion that I did anything wrong,” Cuomo said in Brooklyn, according to this article in the New York Post. “Can we do more checks and balances? Yeah, we always can, but you will always have some…
Real Estate
Development Company Buys Former IBM Site In Hudson Valley
A Beacon development company, RWHPA LLC, has purchased the former IBM West/Bright solar 125-acre campus in East Fishkill in a deal brokered by McGrath Realty, Inc. The deal, which was two years in the making, was closed this month for an undisclosed amount. The land includes three flex buildings and 70 acres of land, the realty company said. According to McGrath, the town of East Fishkill and Dutchess County government were involved in the process, especially the economic development sector because of its layout in such "a fast growing commercial and industrial region," he added…
Politics
Molinaro Cites 'Quid-Pro-Cuomo' Emails In Bid-Rigging Trial
Secret emails loomed large as communications detailing "Quid-pro-Cuomo" were presented by federal prosecutors at the "Buffalo Billion bid-rigging trial," Republican gubernatorial candidate Marc Molinaro said in a campaign mailing. The Dutchess County executive, who is running against Gov. Andrew Cuomo of New Castle, was referring to the federal corruption case investigating links between Democratic campaign donations and state-backed developers. A SUNY official on trial for allegedly rigging bids to favor donors to Cuomo on Upstate economic development projects was advis…
Business
MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million
This story has been updated. MGM Resorts International and MGM Growth Properties LLC announced that MGM Resorts has entered into an agreement to acquire the Empire City Casino's race track, Yonkers Raceway, and the casino for $850 million. MGM Resorts and MGP have entered into an agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate the property, it was announced on Tuesday morning, May 29. "We are excited to announce the additio…
News
Three Westchester Communities Awarded Millions In State Grants
Gov. Andrew Cuomo announced that more than $8 million has been awarded to six Hudson Valley municipalities as part of his Restore New York initiative. Nearly $81 million was awarded to 71 municipalities statewide. "Downtown communities are vital to keeping our economies thriving and to attracting businesses and families to put down their roots in New York," Cuomo said. "The Restore New York Communities Initiative recognizes communities teeming with potential and invests in their transformation and their future, and turns them into neighborhoods New Yorkers are proud to call h…
Lifestyle
Playland Management Deal Under New Review By Westchester County Legislators
Playland's modernization -- a priority project of former Westchester County Executive Rob Astorino -- is now back under the microscope of the county Board of Legislators, which previously challenged the management contract with Standard Amusements. The historic, county-owned park in Rye has been managed by Harrison native Nicholas Singer, founder of Standard Amusements, for the past year. He was not immediately available for comment. The contract between the county and Standard Amusements was signed in 2016 by Astorino. New County Executive George Latimer of Rye has said that his administra…
News
New Rochelle City Hall Moving Downtown For First Time In 55 Years
New Rochelle Mayor Noam Bramson threw a curveball during his annual “State of the City” address, announcing that City Hall would be moving from its longtime home on North Avenue back to a new downtown address. With “the most ambitious downtown redevelopment in New Rochelle history” well underway in Westchester, Bramson announced on Thursday that City Hall would be relocated to a new site downtown, to the base of a high-rise development on Harrison Street. “(This move) will put the people’s house back in the heart of our city, right between Main Street and Huguenot Street, bringing employees…
Business
Amazon Breaks Ground On $255 Million Warehouse In Connecticut
Construction crews have broken ground for the next home of Amazon’s warehouse on Washington Avenue in North Haven. The $255 million project is expected to be completed by June 2019. The warehouse will create 1,800 jobs, and ultimately 3,000, First Selectman Michael Freda told The Connecticut Post.. The warehouse will span about 1.2 million square feet, roughly the same size as the former Pratt & Whitney facility that it succeeds. Amazon would become the largest company to enter the region since Pratt and Whitney left in 2001.
Business
Amazon Reveals Average Salary, Number Of Jobs It Will Add At HQ2
Amazon has revealed the number of jobs it expects to add and the average annual salary at its new second headquarters after announcing 20 finalists, including New York City, for the new location late last month.Amazon said it expects to invest more than $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs with an average salary of $100,000. Seattle-based Amazon did not disclose how it determined the finalists after receiving nearly 300 applications from localities. The winner will be selected later this year. No specific month for that …
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