WCBJ
WESTCHESTER COUNTY
BUSINESS JOURNAL
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August 6, 2012 | VOL. 48, No. 32
$150 million project in limbo
Dobbs Ferry in dark on developer’s plans BY JOHN GOLDEN jgolden@westfairinc.com
O
ne of the largest mixed-use developments planned in Westchester County since the recession, Rivertowns Square, is wrapped in mystery after its sponsor suddenly called a halt to an environmental review of the $150 million project by village officials in Dobbs Ferry. Principals of Saber Real Estate Advisors L.L.C. in Armonk, the sponsor and investment manager of a private-equity real estate fund, since early 2011 have met frequently with Dobbs Ferry officials and residents to gain approval of their pro-
An artist’s rendering of early plans for Rivertowns Square in Dobbs Ferry. The project surrounds the existing Chauncey Square Shopping Center.
Bob Rozycki
Project in limbo, page 6
State receives TZ bids; may raise Thruway tolls • 2
PACs dump money into Westchester races BY PATRICK GALLAGHER pgallagher@westfairinc.com
W
ith less than 100 days till Election Day, fundraising for the local U.S. House races gathered momentum in June as political action committees nearly doubled their contributions. Six candidates vying for seats in the House in the three districts that include parts of Westchester combined to raise $894,852 between June 7 and June 30, after combining for $732,634 between April 1 and June 6. Those fundraising totals include contributions from political party committees and political action committees affiliated with neither party. Notably, donations to the six candidates from political action committees nearly doubled from the period PACs dump money, page 6
Body talk • 7