2015 Report to the Schenectady County Legislature. Schenectady County s Unified Economic Development Team February 1, 2016

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1 2015 Report to the Schenectady County Legislature Schenectady County s Unified Economic Development Team February 1, 2016

2 Unified Economic Development Team Schenectady County Metroplex Development Authority Schenectady County IDA City of Schenectady IDA Schenectady County Capital Resource Corp. Schenectady County Dept. of Economic Development and Planning Schenectady County Business Center Capital Region Land Bank

3 Staff 5 staff at Metroplex administer County s unified economic development team: Jayme Lahut Jim Callander Scott Cietek David Hogenkamp Peggy Chesebrough

4 2015: The Momentum Continues 101 Economic Development Announcements in 2015 Up from 68 in 2014 and 57 in 2013

5 Niskayuna

6 ShopRite Square New Smashburger and Dollar Tree bring occupancy of former St. James Square to over 90% Plaza was empty now strong County asset

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8 Niskayuna Commerce Park $20 million new Army Reserve Center completed New 30,000 square foot $3.5 million Automated Dynamics Building retain 30 jobs add 20 new jobs

9 Automated Dynamics

10 OD Heck Working with the Town to look at potential for buildings and land at OD Heck facility Potential for mixed-use project that would also create tax base and jobs Subject to State release of property, ongoing discussions with State and Town

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12 Niskayuna Investments 100 new jobs at GE Global Research Center New $30 million residential development at former Williams Auto Parts site

13 Niskayuna Investments Riverfront project at Williams site adds to Aqueduct Park State Grant $150, acre parcel sale by County foreclosed property

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15 Niskayuna Investments Two new medical arts buildings on Upper Union Street total 31,000 square feet

16 Niskayuna Investments New $32.5 million Rexford Bridge Will help with Niskayuna Commerce Park, Balltown Road corridor and ease way for more visitors from points north to Niskayuna and Schenectady Mohawk Commons, Mansion Square and Hannaford Plaza essentially 100% occupied

17 Glenville

18 Airport Business Park REVA Northeast Flight Operations Center at County Airport REVA based in Florida with operations in Arizona and San Juan Glenville will be flight center in NE-MW and Europe 12 new jobs plus 50 medical support staff

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20 Stratton ANGB Continue efforts to retain Stratton Air Guard Base plus two Reserve Centers and more than 2,000 jobs Base economic impact report completed Two Wheel Birds retained - announcement by Senators Schumer and Gillibrand

21 Glenville Business & Tech Park $140,000 to upgrade rail service for manufacturing companies including Dimension Fabricators and Adirondack Beverages

22 Glenville Business and Tech Park Former Navy building demolished now 7.52 acre shovel ready site on Route 5

23 Glenville Business and Tech Park Clynk based in Maine successfully recruited to Glenville Park and signs lease for 36,000 square feet and 50 new jobs Fiorello Pharmaceuticals

24 Glenville Impact School taxes are dropping, and school officials credit business development in the town. September school tax bills will be $89 less than they were last year for a Glenville resident with a home assessed at $160,000. The 2.51 percent tax decrease was adopted by the Board of Education Monday night and represents a more significant decline than projected in the school budget. School business administrator Andrew Giaquinto said taxes further declined thanks to ongoing construction of the Patriot Square development off Route 50, the addition of Dimension Fabricators in the Glenville Business and Technology Park to the tax rolls and PILOT payments from the Meadows at Glenwyck senior living project on Dutch Meadows Lane, Socha II development on Route 50 and CTDI in the business park. - Daily Gazette 8/15/15

25 Glenville Investments $90,000 from Metroplex, $825,000 from NYS DOT and Glenville total $1.38 million Route 50 Town Center lighting sidewalk project

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27 Village of Scotia

28 Former McDonalds Site New 20,000 square foot office/retail building by Angelo and Matt Mazzone $2.4 million investment Adds tax base, jobs in village

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30 Rotterdam

31 Rotterdam Corporate Park Over 4 million square feet Largest business park in Capital Region New 100,000 square foot building under construction $5 million investment

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34 Von Roll International company based in Switzerland $20 million new investment in Rotterdam plant 155 jobs retained/18 new jobs Facilities in other states will be shifted to Schenectady County

35 Rotterdam Investments Draper Lofts $15 million investment

36 Rotterdam Investments Route 5S crossing rebuilt 2 miles of Rotterdam Bike Path repaved by County Public Works -$75k County/$75k State grant

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38 Rotterdam Investments Land Bank demolitions in Rotterdam Junction $5 million upgrade to Hamburg Street moving forward building on success of redevelopment of former Grand Union

39 Rotterdam Investments Curry Road Plaza moving forward 208 units Final land purchased to complete site acquisition Final variance from Town approved in December

40 Rotterdam Investments Purchase of Rotterdam Mall by Via Properties $10 million investment New entertainment center Aquarium Viaport Rotterdam

41 City of Schenectady

42 Lower State Street

43 New York Biz Lab Transformation of 263 State Street as New York Biz Lab Four new companies landed: Lottery Rewards, Furlocity, Fundabilities, Sure Done More deals pending

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45 Robinson Block $20 million investment by Highbridge Development and Prime Companies Mixed-use housing with ground floor retail directly across from New York BizLab Electric City Apartments

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47 Electric City Apartments provided by C2 Design Group

48 Former Y $20 million renovation for senior housing and tech space 61 apartments and 8k square feet space on first floor added to Start-Up New York Building added to Federal Register

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50 Liberty Park/Gateway Plaza $400k grant from Regional Council for major renovation/expansion of Liberty Park (Phase I) I-890 connector funded by State to improve access $1 million FEMA grant for Gateway Plaza Major upgrade to lower State Street gateway

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52 Amtrak Station Bids due March 3 Temporary station construction this spring Track and platform work to follow New station

53 Amtrak Station Rendering

54 242 Broadway $8 million mixed-use investment Space for tech firms and housing for tech workers ICPD fast growing pharma company pre-leased 16,000 square feet Follows successful development across the street which is fully occupied 40 apartments on upper floors

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56 Library Plaza In cooperation with County, State, Metroplex, private donations New curbs, sidewalks, tree planters Enhances County investment in Library expansion

57 Foster Building Sequence Development $2.6 million investment in mixed-use retail, office and housing Preservation project Capoccia Winery on first floor All 10 units pre-leased before construction completed Phase 2 to move forward in 2016

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59 Lofts at Union Square Phase 2 now completed Builds on success of eight town homes $1.3 million private investment 9 of 10 units leased prior to opening

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61 Lafayette Street 151 Lafayette Street sale and renovation

62 New Hotel Doubletree by Hilton $15 million by Schahet Hotels of Indianapolis owners of Hampton Inn

63 New Marriott Courtyard 124 rooms $15 million investment by BBL Adds to Mohawk Harbor success

64 SCCC Kindl Building open HPOG grant awarded $15 million National competition Continues for next 5 years health care career training Targets individuals not working/need jobs Success with 1,049 trained employees now working in health care Thank you to SCCC team and NYS Congressional Delegation

65 GE $45 million investment in upgrading GE Power campus downtown 72,000 square feet in Building 40 40,000 square feet in Building 5 31,000 square feet in Building 43 Export-Import Bank reauthorized

66 Schenectady Investments Former Armory now open as sports/entertainment venue Pursuing 350 new jobs/tenant for 70,000 square feet at former Two Guys location 150 new jobs at Workers Comp HQ at corner of State and Broadway all welcomed to downtown

67 Schenectady Investments $1 million Van Guysling cleanup of brownfield with State 90% Clarkson at former Union Grad Lower Union Street lights, sidewalks, bridge painted

68 Live-In Schenectady 15 private investors Buying 19 foreclosed properties $1.5 million investment in Phase 1 for ten new homes 15 more homes in Phase II $200,000 to City helped reduce City taxes in 2016

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70 Former Alco Site

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75 Mohawk Harbor $480 million private investment Tech office 60,00 square feet Apartments condos 200 plus Marina Retail Public access - bike/hike trail

76 Rivers Casino at Mohawk Harbor License awarded All approvals in place Army Corps, Canal Corporation, local approvals Project on or ahead of schedule

77 Rivers Casino 1,200 jobs Recurring revenues to City and County Property tax, sales tax, bed tax

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79 Schenectady Investment Received State grant to connect hike/bike trail from bridge to bridge Riverfront connector trail From Western Gateway Bridge to Freemans Bridge waterfront access

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82 Schenectady Investments New Family Dollar on State Street 8,300 square feet -- $2 million investment Next to new Library and Literacy Center Metroplex conducted enviro tests on site prior to County buying Developer purchased lot from County for $226,000 and also completed parking, lights, other upgrades to benefit both projects

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84 Schenectady Investments New $17 million investment on Albany Street 52,500 square feet construction 51 new apartments $19.5 million Hillside View to continue development Albany Street/Craig Street

85 Schenectady Investments Eastern Avenue 10 demos completed 11 more scheduled Renovations -- Arket Electric, former St. Mary s Church, Former Ras building, 732 Eastern, 762 Eastern, 813 Eastern

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87 Schenectady Investments Land Bank Grant $3 million plus HUD 108 $3 million Over 70 demolitions completed or in progress Land bank website for info on property sales

88 Schenectady Investments Center City example

89 Center City Example Building used to generate $10k year, now pays $300k $934,000 Metroplex funding Won competitive statewide grant of $2.5 million Developer invested $30 million 250 jobs

90 Center City Example (cont.) 1,400 students 5,200 Y members 73k visits not including games/events $750k UDAG paid back to city $112k parking revenue Sales tax Over $900,000 recurring revenue for Metroplex investment of $934k in vacant soccer facility

91 Other Revenue Examples Fortitech Airport $104,193 Former Big N Plaza $646,366 Railex $537,746

92 Schenectady County Unemployment Rate 11 th lowest unemployment rate in NYS Tompkins County (3.4%) Columbia County (3.5%) Nassau County (3.7%) Albany County (3.8%) Rockland County (3.8%) Saratoga County (3.8%) Putnam County (3.9%) Dutchess County (4.0%) Orange County (4.0%) Westchester County (4.0%) Schenectady County (4.1%)

93 Schenectady Investments Savings to City for Metroplex operation of parking system Direct Payments to Towns 61 Pilots paying $15.88 million up $1.05 million or 7% increase 54 of 61 Pilots were empty buildings, vacant land or formerly tax exempt property

94 Summary Unified County Team Recurring revenues/results from investments Momentum continues Thank County Team for strong support in 2015