UNDERSEA FARMING
SPORTING LIFE
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MARCH 26, 2018 | VOL. 54, No. 13
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS
westfaironline.com
Westchester officials call on state to increase aid program BY ALEESIA FORNI aforni@westfairinc.com
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eaders of Westchester municipalities are calling on state officials to increase an aid program that provides funding to local governments. Created in 2005, Aid and Incentives for Municipalities (AIM) is an unrestricted state funding source provided to all of New York’s cities, towns and villages outside of New York City. The program was created in order to consolidate a number of local funding streams, curtail property tax increases and provide incentives to local governments to consolidate or share services. For the upcoming fiscal year, Gov. Andrew Cuomo has pegged $714 million for the AIM program in the state budget. According to budget archives, that figure has remained unchanged for seven straight years. “It’s great that the state says its own spending increase is limited to two percent a year,” Yonkers Mayor Mike Spano said. “But part of the reason they’ve done that is by not increasing payments to local governments. That’s a spending shift, not a spending limit.” » » AID PROGRAM
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Lofty Potential page 2
Matthew Kiamie, vice president and chief operating officer of Manhattan real estate firm Windsor Management Corp., outside 411 Theodore Fremd Ave. in Rye. Photo by Bob Rozycki.
Stamford showdown coming on proposed High Ridge Park development BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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proposal to repurpose one of the six buildings at Stamford’s High Ridge Park office complex into a fitness facility has run into significant opposition from neighboring residents — some-
thing that real estate firm George Comfort & Sons said is indicative of a growing “anti-development” trend in the city. “It’s definitely something we’ve seen in Stamford in particular,” said Andrew Joseph, a vice president at Manhattan-based George Comfort & Sons, » » HIGH RIDGE
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