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WESTCHESTER COUNTY
BUSINESS JOURNAL
YOUR only SOURCE FOR regional BUSINESS NEWS | westfaironline.com
October 29, 2012 | VOL. 48, No. 44
For two river towns, the feud goes on BY JOHN GOLDEN jgolden@westfairinc.com
A Guaranteed Home Mortgage Co. Inc., headquartered at 108 Corporate Park Drive, and a Florida mortgage manager who led about 10 co-employees to join Guaranteed when it opened a Destin, Fla. branch office in early 2009, were ordered to pay $339,468 to New Jersey-based Mortgage Now Inc. U.S District Court Judge M. Casey Rogers agreed with Mortgage Now attorneys that Guaranteed officials
s river dredging begins this month in an environmental cleanup at the former General Motors Corp. automotive plant in Sleepy Hollow, a municipal neighbor looks to dredge up its five-year-old legal fight over the size and impact of Lighthouse Landing, a sweeping redevelopment project at the GM site approved by Sleepy Hollow officials. Recent legal moves by the village of Tarrytown have angered some Sleepy Hollow officials, whose attorney claimed Tarrytown is pursuing a strategy of legal delays to thwart the project while seeking a share of the $11.5 million that GM agreed to give Sleepy Hollow for measures to mitigate the project’s impact on the communities. Tarrytown Mayor Drew Fixell, though, said village officials hoped the legal action would lead a state judge or Sleepy Hollow officials to give “real assurances” that measures will be taken to relieve the “enormous traffic” created by the GM project. A state Supreme Court judge last month rejected Tarrytown’s petition to annul the Sleepy Hollow village board’s approval of Lighthouse Landing, an estimated $800 million mixed-use development on the 96-acre property off Beekman Avenue vacated by the Detroit automaker in 1996. The court found that Sleepy Hollow complied with state law when it approved construction of 1,177 residential units, 35,000 square feet of office space, 135,000 square feet of retail, cinema and restaurant space and a 140-room hotel. General Motors this year issued a request for proposals for the project, but has not yet named a developer. A GM spokeswoman last month said she could give no time frame for the company’s awaited selection, which GM had agreed
Mortgage, page 6
Feud, page 6
Another rewrite for Chappaqua Crossing • 3 Mortgage firm raided rival, court finds BY JOHN GOLDEN jgolden@westfairinc.com
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judge’s recent award in Florida of hundreds of thousands of dollars in lost profits to a mortgage company that claimed a Harrison-based competitor conspired to gain several of its employees and their pending loan deals is being appealed by the company found to have harmfully interfered with a rival’s business.
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‘The Mount’ aims for $10M• 4
Goodthings • 34