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Syracuse IDA approves inducement, PILOT and final resolutions for 283-unit GW Syracuse project
Summary
The Syracuse Industrial Development Agency held a public hearing and approved inducement, PILOT and final resolutions allowing GW Syracuse LLC to pursue a 7-story, mixed-use development of about 283 apartments and 6,000 sq ft of retail with tax exemptions and a PILOT schedule.
The Syracuse Industrial Development Agency on July (public hearing date not specified) held a public hearing on GW Syracuse, a proposed 7-story, mixed-use project and approved an inducement resolution, a 20-year PILOT schedule and a final resolution to authorize lease transactional documents that will allow the project to proceed.
Agency staff read a public notice that said GW Syracuse LLC or an entity to be formed requested the agency undertake a project that would acquire interests in five parcels on East Washington and East Fayette streets totaling about 1.3 acres, demolish three structures, remediate contaminated soil under New York State Department of Environmental Conservation oversight and…
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