[CPEO-BIF] Financing plan for Batavia and Genesee County, New York

[Lenny Siegel <lsiegel@cpeo.org>]

City Council called upon to support cooperative economic development plan

by Howard B. Owens 
Batavian (NY)
October 14, 2015

A vibrant and prosperous urban core in Batavia is vital to all of the economic development projects the Genesee County Economic Development Center is working to bring to fruition, said CEO Steve Hyde, during a presentation Monday night during Batavia's City Council meeting.

Hyde joined the discussion Monday about a projected called Batavia Path to Prosperity, or BP2. The project is being set up to take some of the fees paid by developers in future projects in the city that receive PILOTS (Payments in Lieu of Taxes) from the GCEDC and allocate half of those funds to a pool of money that can help spur development of blighted properties, properties that are part of the city's Brownfield Opportunity Area.

"My passion all along has been about growth in our community," Hyde said. "How can we build economic growth outside so it will flow back into the inside. This is an opportunity to shine a bright light on troubled areas in our community so that we have a multifaceted redevelopment strategy so that we have a path of growth for our kids."

…

For the entire article, see
http://www.thebatavian.com/howard-b-owens/city-council-called-upon-to-support-cooperative-economic-development-plan/88487

See also
http://www.thedailynewsonline.com/news/article_1d662f46-723f-11e5-8202-5714873e8425.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
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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