The county legislature will vote in a couple weeks on spending several million dollars to buy 561,951 square feet on Kodak’s State St. campus. MCC has admitted it needs only 275,000 square feet. The left over space equals two Pittsford Wegmans. MCC says it could develop the space at a later date, but financing isn’t a sure thing and the college will have to pay maintenance costs in the meantime. The first phase of the project alone will cost $72 million.
What’s more, MCC is also purchasing Kodak’s power facility at the State St. site. MCC hasn’t decided if it will sell back the power to Kodak or connect to the downtown power district. MCC would become a “lightly regulated utility,” according to a SUNY memo to the college. Why is the college getting into the energy business?
Finally, the Kodak site is removed from the core of downtown. It is separated from the bus station under construction, the library, the new RIT building, the Brockport building and the Eastman School of Music. It would be an isolated big box surrounded by a parking lot. Isn’t that what’s out in Brighton?
MCC’s current landlord laid out its case for the college remaining at Sibley in a letter given to legislators. One of the arguments is a Sibley rehab is millions of dollars cheaper.
Whatever you think of Sibley v. Kodak, there appear to be very serious financial implications to this move in the present and future.
Read the Winn letter and the SUNY memo below. (Links of the Day following.)
Links of the Day:
– Lt. Gov. Duffy said it would be a “travesty” if Lovely Warren runs against Tom Richards for mayor.
– Governor Cuomo doesn’t want lawmakers to politicize the casino expansion. This, coming from the man who rakes in cash from the gambling lobby.
– Buffalo’s HSBC building could become luxury apartments, offices and hotel rooms.
– Constellation Brands is in Department of Justice hot water.
– Bausch + Lomb’s CEO said the company is committed to Rochester and is in no hurry to sell its downtown office tower.
– A tradition continues. Kodak film was used for six of the Academy Awards Best Picture nominees.
– The Common Core curriculum doesn’t teach cursive and expects kids to be proficient in typing in fourth grade.
– I will be MC-ing the Friends of Strong Wine Tasting tomorrow (2/1). It’s a great and fun event.