Federal funds are expected to help pay for some $480,000 in refurbishment costs at Medley Centre, the former Irondequoit Mall.
Rebounding mall to receive $200K
Federal funds are expected to help pay for some $480,000 in refurbishment costs at the former Irondequoit Mall.
Rep. James Walsh, R-Syracuse, today said he has secured $200,000 in federal appropriations legislation to advance Medley Centreâ€™s revitalization.
The 800,000-square-foot mall is owned by the County of Monroe Industrial Development Agency. Last spring, Adam Bersin, president of Bersin Properties LLC, received approval from COMIDA for payment in lieu of taxes for the mall. The arrangement allows Bersin to forgo tax payments as part of the mallâ€™s renovation.
Walsh said the community is lucky to have Bersin to transform the ailing retail hub.
â€œRevitalization of Medley Centre is expected to result in some 1,500 new jobs at the facility and additional investment in neighboring parcels,â€ Walsh said in a statement. â€œThatâ€™s good news for Irondequoit.â€
The funds that Walsh secured will go to improving the propertyâ€™s infrastructure, including expansion and improvements to the mallâ€™s parking areas, access roads and lighting equipment.
â€œItâ€™s exciting to see momentum building as we continue to enhance Medley Centre and attract the attention and commitments of significant retailers and restaurants that currently have no presence in Monroe County,â€ Bersin said.
Among the new tenants at Medley Centre are Steve and Barryâ€™s University Sportswear and beauty retailer Brazil-based O Boticario.
In addition, Target Brands Inc. recently announced the construction of a stand-alone Target store adjacent to the mall, which is expected to increase the propertyâ€™s size to more that 900,000 square feet.
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