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Utica IDA approves BG Warehouse pilot extension, lodging pilot schedule and mortgage assignment
Summary
At a meeting of the Utica Industrial Development Agency, members approved three administrative actions related to local development projects: a pilot extension for BG Warehouse, a change to the pilot schedule for Utica Harbor Lodging Group and approval of the form and substance of a mortgage assignment for Historical Park Apartments.
At a meeting of the Utica Industrial Development Agency, members approved three administrative actions related to local development projects: a pilot extension for BG Warehouse, a change to the pilot schedule for Utica Harbor Lodging Group and approval of the form and substance of a mortgage assignment for Historical Park Apartments.
The actions matter because they clear the way for immediate building improvements, a major tenant expansion and continued financing movement on a previously induced housing project, officials said during the meeting.
David Maslow of BG Warehouse told the board the company’s building is about 370,000 square feet and that Trenton Technology will expand into roughly 60,000 square feet for a mix of assembly, manufacturing and warehousing. Maslow said the tenant…
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