Posted at: 02/08/2013 1:17 PM
An agreement has been reached on the I-Square project in Irondequoit.
A joint statement from Irondequoit officials says, “This afternoon, after a meeting convened by Assembly Majority Leader Joseph D. Morelle, representatives of the Town of Irondequoit, the West Irondequoit School District, and the I-Square development team were able to successfully resolve the concerns that had delayed this important project, in order to both protect Irondequoit taxpayers and provide a viable framework for the developer. As a result of these discussions, I-Square will be granted a PILOT (Payment in Lieu of Taxes) status of up to 25 years. The town board will take up final passage of the PILOT resolution on February 19 to ensure the project begins with the planned construction schedule."
The I-Square Project would bring together a mix of shops, restaurants and community space to create a town square in Irondequoit between Titus and Hudson Avenues.