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I-Square development among big winners for funding

Rochester Business Journal
December 12, 2013

The I-Square development in Irondequoit is getting more than $2.3 million in funding as one of several projects getting seven-figure awards through the Finger Lakes Regional Economic Development Council.

Developer Michael Nolan’s I-Square LLC will get nearly $1.93 million to redevelop 32,000 square feet of retail and residential space in the town’s center, funding allocations released late Wednesday afternoon show.

I-Square is to get another $393,000 to harvest and reuse rainwater, and for pervious pavement, rain gardens and environmentally friendly roofs as part of the project.

Arnold Magnetic Technologies Holding Corp. on Linden Avenue will get $2 million for a two-phased project that will allow pre-production quantities of completed motors to be fabricated, and a production facility to be established, preferably at Eastman Business Park.

The city of Rochester will get $1.2 million to construct a promenade for the public along the Genesee River. The project includes a pedestrian ramp connected to the Court Street Bridge, as well as renovations at Johnson Seymour Mill Race and River Wall and the installation of signage.

CH4 Biogas LLC in Genesee County will get $2 million to design, construct and operate a biogas plant for the Genesee Valley Agri-Business Park in Batavia, Genesee County.

An award of $1.5 million for lakeshore development in Canandaigua, Ontario County, and $1 million for the Rochester Institute of Technology’s Center for Urban Entrepreneurship downtown were announced earlier Wednesday as part of $59.8 million for Finger Lakes council projects.

Hobart and William Smith Colleges in Geneva, Ontario County, will get $1 million for a 55,000-square-foot performing arts center on campus.

A full list of project funding for the Finger Lakes and the state’s nine other regional economic development councils is available at regionalcouncils.ny.gov

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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