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Syracuse IDA approves corporate restructure resolution for Maguire dealership project
Summary
The IDA approved a resolution clarifying and permitting a restructuring that moves ownership of the Maguire dealership project from a limited partnership to an LLC; board recorded the action as a procedural clarification and noted the project was completed in 2020.
The Syracuse Industrial Development Agency approved a resolution Sept. 9 to clarify and permit a corporate restructuring for the Maguire Limited Partnership project on Iowa Boulevard.
Agency staff told the board the action formalizes a change the partnership began earlier this year: transitioning the project’s ownership form from Maguire Family LP (a limited partnership) to a limited liability company. Staff said the…
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