Pyramid seeks PILOT plan for 900 million mall expansion
Pyramid proposes a 4.5 million square foot mall expansion at Carousel Center with hotels, restaurants, and entertainment aimed at boosting Onondaga County. The plan requests a 30 year PILOT to fund 250 million in infrastructure, with 113 million annual payments, in exchange for tax relief and future sales tax share. Targeted completion would begin after approvals, potentially fall 2002, creating thousands of jobs and drawing visitors from up to four hours away.
MENTIONED IN THIS ARTICLE
Tomer Bonwit
Forestha
Qumem- Wand
Pyramid
Palisades Center
Rock- Jana County
Roman
Don Pablo's
Entertainment Center
Jeepers
Deve & Busters
Target
Barnes
Greiv
Robert Congel
Panner
Mall
Reson
Pyramids
Vesant
Onondaga County
Carousel Center
Congel
Metropolitan Development Association
Cummings McNulty
Syracuse
Inner Harbor
Pirro
Yoursel
Pizzo
Stars Quo
Pyramid Cos
Conger
Additton
Vito Sciscioli
Sciscioli
Bout Pyramid
Albany
Washington
Hiawatha Boulevard
Developer Congel Eyes State and Federal Cash for Carousel Center Expansion
Robert Congel of The Pyramid Cos discussed potential federal and state funding for the Carousel Center expansion during a January 24 Syracuse meeting with Rep. James Walsh and Housing Secretary Andrew Cuomo. Walsh aides said no specific requests were made, while Cuomo’s office did not respond. Assemblyman Michael Bragman signaled state assistance could help attract retailers, tourism, and jobs, emphasizing public private partnerships.
MENTIONED IN THIS ARTICLE
Robert Congel
Nce Palnies
Conger
Panner
Pyramid Cos
Syracuse
James Walsh
Andrew Cuomo
Jim O'Connor
Walsh
O'Connor
Cuomo
House
Department of Housing and Urban Development
Environmental Protection Agency
Central New
York
Pyramid
Assembly
Mechael Bragmen
D-Cicero
Bragman
Cental
New York
Toursm
Northeast
Brazman
PILOT use for Carousel Center tax exemptions sparks scrutiny
Syracuse officials plan a PILOT deal with Pyramid Cos to expand Carousel Center. The city would pay for parking and road improvements totaling about 250 million over 30 years, funded by Pyramid’s PILOT payments. PILOTs shift tax burdens but may offer sales tax and mortgage tax relief to developers.
MENTIONED IN THIS ARTICLE
IDA
Syracuse
Pyramid Cos
Vito Sciscioli
Pyramid
Sciscioli
Syracuse lawmakers weigh tax breaks for Pyramid mall expansion
County and city officials debate a PILOT plan tied to the Carousel Center expansion by Pyramid. Key figures include Council President Mat Driscoll, Councilor DeRegis, and lawmakers Sanford Stanczyk Smith Mahoney, with concerns over tax revenue guarantees and spillover effects on hotels and existing malls. Decisions hinge on a written return to taxpayers and potential allocation ofPayments to city services.
MENTIONED IN THIS ARTICLE
Carousel Center
Wotten
City of
Pyramid
Hiawatha
Council
Mat Matt Driscoll
Joint Finance Neighborhood Preservation Committee
Common Council
William Sanford
Liverpool
Sanford
Mark Stanczyk
Syracuse
Thomas E. Smith
Conger
Smith
Also Mentioned on This Page
conTnust
Sfavy
City
Colunty
Marley
Cangel
Nicholas Pirro
Sna
Bess Pro Shops
Bass Pro
Outdoor World
Springfield
Pyramid ‘Cos
Rep
Watch
Andrew Coome
Brogmen
Rick Moriarty
Syracuse Industral Development Agencies
Stricuse
PAGE
Steve DeRegis
Rist
Marcellus
DeRegis
Joanie Mahoney
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