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Deadline for Medley Center tax payment set for May 1

Rochester Business Journal
February 4, 2014

Bersin Properties LLC has until May 1 to provide $3.87 million in late property tax payments or its payment-in-lieu-of-taxes agreement to redevelop the Medley Centre will be terminated, Irondequoit Supervisor Adam Bello said Tuesday.

Under conditions of the PILOT, the Syracuse-based firm was to have invested $165 million in the project, an amount “it hasn’t come close to attaining,” Bello said in a statement.

Bersin also is five years late on a $500,000 payment due the town when the tax payment deal was signed, and a $2 million closing fee due the County of Monroe Industrial Development Agency in 2009, Bello said.

Bersin and Chairman and CEO Scott Congel have received $3.8 million in state funding as a reimbursement of any PILOT payments made as part of the redevelopment of the former Irondequoit Mall, Bello said.

“The continued neglect and deterioration of Medley Centre cannot continue to damage the image of the town of Irondequoit,” Bello said.

“Mr. Congel must understand that the people of Irondequoit and Monroe County have invested much on this project. The time has come for Mr. Congel to do the same.”

The deadline for payment was stipulated in a letter sent to Congel. It was signed by Bello, COMIDA Executive Director Judith Seil and East Irondequoit Central School District Superintendent Susan Allen.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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