Westchester County Business Journal 080717

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3 | PHONE FIXER AUGUST 7, 2017 | VOL. 53, No. 32

17 | SPECIAL REPORT westfaironline.com

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

Developer of school for autistic youths settled with state BY BILL HELTZEL bheltzel@westfariinc.com

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TWB Loan Decision Top 5 Banner Ad 6” w x 1.5” h 7-31-17, 11am chosen to go through, then we present ourselves as very serious, very motivated contenders for that opportunity.” As part of its portfolio, Macquarie owns Atlantic Aviation, a Plano, Texas-based operator of more than 60 fixed-base operator facilities across the country, including locations at Stewart International and Teterboro airports.

massive, vacant building in Yorktown that once housed a Catholic seminary and a drug treatment center could become an expensive, private boarding school for autistic youths. Michael C. Koffler, CEO of K3 Learning Inc., is asking the Westchester County Industrial Development Agency for more than $52.5 million in financial assistance to build Shrub Oak International School. K3 is a Manhattan-based, for-profit holding company for specialty schools and services that has a recent record of regulatory troubles, including overpaid state reimbursements and underpaid taxes. Koffler controls 127 acres at 3151 Stoney St. in the northern Westchester hamlet of Shrub Oak, where the Jesuits built Loyola Seminary in 1953 and where Phoenix House Academy treated teens for substance abuse until June 2015. He has applied for $50 million in taxable industrial development revenue bonds, $1.8 million in sales tax exemptions and a $650,000 mortgage tax exemption. He is negotiating » SHRUB OAK, page 6

Macquarie makes bid to operate Westchester County Airport BY ALEESIA FORNI aforni@westfariinc.com

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New York City-based infrastructure company is making its case to become the new manager and operator of the Westchester County Airport. Macquarie Infrastructure Corp., which operates a variety of businesses including the storage

of bulk liquids and gas production and distribution, has responded to the county’s request for proposals to enter into 40-year public-private partnership. “It’s a community’s decision as to how they handle their airport,” said, Clive Lowe, executive chairman of the Macquarie entity that would operate the airport. “In the end, if the public-private partnership is the route they’ve

“We understand that market very well,” Lowe said, “but we also run small and major commercial service airports, so the blend of the two in effectively our backyard as a New York company makes this a very compelling opportunity for us.” Macquarie also has ownership and management interests in eight airports worldwide, including the Brussels Airport, Copenhagen

Airport and Delhi Airport. Listed on the New York Stock Exchange, the company reported net income of $32.6 million in this year’s first quarter, up from $20.2 million during the same period last year. The company is also an affiliate of Macquarie Group Ltd., 13,500-employee, $145 billion global banking conglomerate. Headquartered in Sydney,

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