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Article: CORTLAND WANTS TO KICK FIRM OUT OF EMPIRE ZONE.(News)
- Article from:
- The Post-Standard (Syracuse, NY)
- Article date:
- October 7, 2007
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Byline: Mike McAndrew Staff writer
For the first time, New York is trying to kick a business out of the state's lucrative Empire Zone tax break program because it failed to keep job creation or investment promises.
The owner of Riverside Plaza in Cortland promised in 2002 to spend $3.4 million on improvements to be eligible for the Empire Zone program. Since then, the company - 81 & 13 Cortland Associates - hasn't spent a dime on the half-vacant strip mall and created only one job, said Karen Niday, Cortland County's Empire Zone coordinator.
Nonetheless, according to state records, the company told New York it still wanted $345,000 in Empire ...