Greece Ridge Mall Waits for School District Approval
By: Caroline Tucker
Updated: July 17, 2012
Greece School Board needs to approve a payment-in-lieu-of-taxes agreement for the Greece Ridge Mall before work can be done on the mall.
The mall owner, Wilmorite, is expected to tear down the former Bon-Ton store and replace it with several restaurants.
But a PILOT agreement it asked the County of Monroe Industrial Development Agency for has been stalled by disagreement with the Greece School District.
The school district has feared that the deal would hurt tax revenue.
There have been ongoing discussions between all parties to hammer out a plan that would help all sides.
On Tuesday morning, Wilmorite and the Greece School District met one more time and reached a tentative plan for the PILOT.
COMIDA provisionally approved that plan at its Tuesday meeting, but the school district still needs to approve it before anything can move forward.
The new deal would be 25-years and would provide the school district with a 2-percent payment increase every year. The Town of Greece would get a .6-percent increase every year.
The Greece School Board needs to vote on the measure.
