Posted at: 02/19/2013 11:55 PM
By: Lynette Adams
The Irondequoit Town Board passed a tax agreement for the I-Square project in Irondequoit at a meeting Tuesday night.
The agreement includes a PILOT, or Payment In Lieu of Taxes for 25 years.
I-Square would bring new shops, restaurants and community space to the town.
The proposed location for the project is at Titus Avenue and Cooper Road.
Tuesday night's overwhelming approval for the PILOT agreement is a complete turn around from six months ago. Even a month ago the board chose to postpone a vote.
Back in September Irondequoit Town Supervisor Mary Joyce D'Aurizio told News10NBC a 25-year PILOT was too long.
D'Aurizio also said the financials didn't add up, but most importantly, she said "taxpayer after taxpayer have told the board not to approve a PILOT."
News10NBC wanted to know what changed and why the board was holding up the vote when it chose to approve the tax agreement Tuesday night.
"You have the Facebook fans who are very supportive of this, but we also have all these residents who come to us and disagree with the 25-year PILOT. We have to achieve a balance and weigh all of the residents who say 'we don't think this is good for the town' or 'we think this is good for the town.' So, we have to achieve a balance, so we were listening to all the residents, not just those who supported the PILOT, but also those who are very much against it," said D'Aurizio.
Irondequoit native Mike Nolan and his wife Wendy have been working on I-Square for almost two years.
The development promises to bring in a mix of shops and restaurants, creating a town square for Irondequoit.
Nolan says it has been a frustrating ordeal.
Talks had broken down between Nolan and the town after the board postponed voting on the PILOT agreement last month.
He says intervention by State Assembly Majority Leader Joe Morelle got things back on track.
"That's our 13th meeting my mother pointed out to me that we've sat through and gone through and so I didn't really know what to expect. We're very happy it's off the ground. We're moving forward full speed, that's the most important thing. It's a great day for Irondequoit," said Nolan.
He says the PILOT agreement should be signed, sealed and delivered on March 19 and construction will begin the following day.