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North Shore

The North Shore Development is a $120 million housing and retail complex on 21 blighted acres on the north shore of Canandaigua Lake. Morgan-LeChase Development LLC is developing the project.

The first phase calls for 137 apartments. The project would ultimately have 457 apartments. Construction is scheduled to start this month.

The project is getting substantial help from taxpayers. It has been approved by local governments for $11 million in PILOT incremental financing. That means a portion of the future property taxes will be used to pay for site remediation. North Shore got a $1.5 million award from the Regional Economic Development Councils. It also is expected to receive millions of dollars in state brownfield tax credits and state grant money to help pay infrastructure costs.

Several big donors to Governor Cuomo are backers of this project. The project was spearheaded by the nonprofit Canandaigua Area Development Corporation. Among the board members are Richard Sands, Chairman of the Board of Constellation Brands and Danny Wegman, CEO of Wegmans Food Markets.

Richard Sands and his brother, Robert, CEO of Constellation Brands, each donated $10,000 to Cuomo the same week in December 2013. The Constellation Brands political action committee has donated $27,500 to Cuomo. Constellation Brands Leasing, which shares an address with Constellation brands, has donated nearly $27,000 to Cuomo.

Wegman donated $35,000 to Cuomo’s campaign. His daughter, Colleen, donated $28,000. His wife, Stency, donated $37,000. These donations took place in 2010.

Wayne LeChase, head of LeChase Construction, which is partnering on North Shore, donated nearly $30,000 to Cuomo in 2010. His company donated $25,000 in 2013.

Danny Wegman is co-chairman of the Finger Lakes Economic Development Council, which asked and received support of the North Shore project last year. Robert Sands sits on the council board. North Shore remains a priority project for the council in 2014.

It’s clear the governor, who has had a rough couple weeks, is entering friendly territory tomorrow.

 

Links of the Day:

 

– Cuomo is using campaign cash for legal fees. A Rochester area state lawmaker once wanted to stop the practice.

– The Rochester City School District principal shuffle continues. This time, the former principal of Monroe High will direct a program.

– Whoops! Did Bon Jovi violate the Bills’ nondisclosure agreement?

– A Toronto columnist is bummed about Bon Jovi’s letter.

– One-third of new York State Fair vendors come from out of state.

– To save the Syracuse school district, this person suggests it must be desegregated.

– “Diane Watkins screwed up. But she shouldn’t go to prison, and she shouldn’t lose her career.”

– Lovely Warren sent a letter to 19 college presidents to support legislation dealing with campus sexual assaults.

 

Observation:

 

4 Responses to The Money Shore

  1. August 4, 2014 at 10:21 pm theodore kumlander responds:

    Blighted? North shore of Canandaigua. Blighted? They must be hiding it well. Have you priced real estate anywhere around or near Canandaigua Lake. These must be apartments for the rich and famous.

  2. August 5, 2014 at 7:43 am Rynstone responds:

    It appears that the only way private companies or corporations will invest their money in construction projects in NY State is if they will get substantial amounts of “free” taxpayer funded money from the state government.

  3. August 5, 2014 at 8:41 am Culver responds:

    Check it out on Google Maps (42.876286,-77.268103), it used to be a trailer park, now it’s just a big empty lot.

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