Westchester County Business Journal 051418

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MAY 14, 2018 | VOL. 54, No. 20

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YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS, COVERING THE HUDSON VALLEY

westfaironline.com

Report calls for re-evaluation of Playland agreement BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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estchester County Executive George Latimer said the county will invest millions of dollars and get little in return under the terms of a contract negotiated by former County Executive Rob Astorino’s administration to privatize management of the Playland amusement park in Rye. Latimer’s office released the findings of a new report on the park management deal to the media on May 7. At a news conference, Latimer criticized several provisions of the contract that Astorino signed with

Photo by Bob Rozycki.

Standard Amusements LLC to operate the park. Latimer said the deal was evidence the prior administration viewed the 30-year contract more as a way to get the amusement park off the county books, rather than improve Playland. “I think it is fair to say that there are individuals serving in the last administration who have said publicly ... they didn’t believe that we should have an amusement park,” Latimer said. “I think the lack of commitment to looking at Playland as an asset is what undermines this overall arrangement. You will negotiate the deal very differently if you see this facility as I do, which is, this is the jewel of our park system.” » PLAYLAND

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Peekskill aims to redevelop property on Lower South Street BY ALEESIA FORNI aforni@westfairinc.com

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ity officials have put a call out for developers to revamp a brownfield site near the Peekskill waterfront. The city issued a request for proposals in April to find an “experienced” developer to transform an 11.5-acre parcel

between Lower South Street and Route 9, south of Louisa Street and Travis Lane. “There’s been a dialogue ongoing between developers and also Realtors … that indicates that people are investigating the property,” said Jim Pinto, the city’s economic development specialist. The property, which serves as a parking area and offloading site for the city’s Department of

Public Works, sits along a mostly industrial and warehouse corridor that includes businesses such as BASF Corp. and South Street Sand and Gravel. The city received an initial appraisal of the property in January 2017 that valued the land between $3.5 million and $5 million. “It’s a big piece and it could really set the tone as the » PEEKSKILL

Jim Pinto, Peekskill’s economic development specialist, at the Department of Public Works garage. Photo by Aleesia Forni.

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