Updated: 04/15/2014 3:01 PM
Created: 04/15/2014 2:30 PM WHEC.com
It's a project that has received millions of dollars in tax breaks but now those breaks could be in jeopardy for the developers of the Medley Centre.
On Tuesday, County of Monroe Industrial Development Agency (COMIDA) passed a resolution that would terminate owner Scott Congel’s agreement if he does not meet his financial obligation by May 1. According to COMIDA, Congel owes more than $3-million.
Congel has received millions of dollars in tax breaks after signing a payment in lieu of taxes, or PILOT, agreement six years ago. In return, he promised a $250-million redevelopment of the moribund mall but Congel has disputed whether he owes millions for missing construction milestone dates.
Congel issued a statement Tuesday afternoon saying, "We are going to continue communicating with the County and COMIDA to attempt to resolve our differences. It is a billion dollar project with thousands of jobs and it is our goal to move forward."
During County Executive Maggie Brooks’ State of the County address, she issued a similar ultimatum to mall owner Congel. COMIDA says the board is following up and has listed to Brooks’ wishes.