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Update: Medley Centre developers could lose tax breaks

Created: 04/22/2014 11:26 AM 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.

At Monday night’s East Irondequoit Board of Education meeting, the Board approved a resolution to request that the County of Monroe Industrial Development Agency (COMIDA) terminate the agreement with Medley Centre agreement if the financial obligation is not met.

Last week, COMIDA passed a resolution that would terminate owner Scott Congel’s agreement if he does not meet a May 1 deadline. 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. He issued a statement last week 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.





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