Updated: 05/01/2014 11:12 PM
Created: 04/30/2014 9:29 PM WHEC.com
By: Amanda Ciavarri
The town of Irondequoit says they are done giving tax breaks to the owner of the Medley Centre. Bersin Properties had until 5:00 p.m. Thursday to pay $3.8 million in late and missed payments.
Bersin made a payment of about $300,000, but the town supervisor says that’s not enough and signed the paperwork to move forward with terminating that PILOT agreement.
COMIDA, the group that oversees that agreement agreed to terminate it and do so quickly. But what does this mean for the future of the Medley Centre?
First, COMIDA could serve Bersin Properties with the notice the PILOT is terminated as soon as Friday. Then the property will be back on the taxroll and the burden will be off the taxpayers of Irondequoit.
Adam Bello, Irondequoit Town Supervisor, said, “The number one issue here is protecting taxpayers and making sure if we are going to invest money in a project that taxpayers get a return on their investment.”
For the last five years, Bersin Properties has not had to pay property tax on the Medley Centre property. But that all ended on Thursday. The town says “no more, that agreement is over.”
Annmarie Carter said, “I am very glad the town is going after him. I am very happy.”
Steve Johnson said, “I think the town has got to do what the town has got to do because I think the developer is just actually using the center for his own purposes and the community is suffering because of it.”
Bello said, “Now we can start to get to the next steps and start to engage the community as to what they want to see there.”
So what does the community want to see here?
Carter said, “Something the nice like what they have in Webster where they have the strip malls with Kohl and Bed, Bath and Beyond and Barnes and Nobles, something nice.”
Johnson said, “This was the nicest mall I was ever in, in my life. Now I don't think it will ever go back to being a mall, but I would like to see it development into something that the community can use.”
Will there be a new owner at the Medley Centre? The answer is there could be. Bersin Properties will now have to pay property tax. If they miss it, the county could put a foreclosure on the property.
To read the letter that Bello sent to COMIDA, click here.
To read the letter from Bersin Properties, click here.