Westchester County Business Journal 122418

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BEDFORD LAW

CONSUMERS UNION SETTLEMENT

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DECEMBER 24, 2018 | VOL. 54, No. 52

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

westfaironline.com

Cuomo’s pot flip-flop BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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ov. Andrew M. Cuomo will push for legislation legalizing recreational marijuana for adults in New York state next year, he announced in a speech Dec. 17. “Let’s legalize adult use of recreational marijuana once and for all,” Cuomo, a Democrat, said in a Manhattan speech focused on the goals of the first 100 days of his third term. The move could bring hundreds of millions of dollars in tax revenue annually, by state estimates. Cuomo only recently warmed to the idea of recreational marijuana use in New York. He called marijuana a “gateway” drug as recently as last year. The shift in thought first became apparent in January, when he called for a study into recreational marijuana, saying he wanted to introduce additional facts to the debate. At the time, he was facing Democratic primary challenger Cynthia Nixon, who was to his left on several issues, including support for legalization of marijuana. New York is among 29 states with a medical marijuana program, which launched under Cuomo’s administration. As of Dec. 11, the state had 2,085 registered practitioners in the medical marijuana program and 84,066 patients. Democrats are expected to support the measure. Bills for recreational marijuana use have already been introduced by » CUOMO

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The Woodbury Common expansion plan is in the initial stages of a review. Photo by Ryan Deffenbaugh.

Woodbury Common plans expansion: hotels, helipad and more stores

BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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he latest major expansion for Woodbury Common Premium Outlets could bring hotels and new shops and restaurants to the mall, which is already an international shopping destination. It was only spring 2017 that Simon Property Group, the real estate investment trust that owns and operates the mall,

announced the completion of a 60,000-square-foot expansion. That was phase four. The Central Valley mall’s ownership is now ready to start phase five. Simon plans to add about 140,000 square feet of new retail space, two new hotels, restaurants and even a helipad, according to plans under review by the village of Woodbury. The retail space would push the mall’s total to more than 1 million square feet. Woodbury already includes 240 stores and

generates more than $1.3 billion in sales annually, according to the company. The mall was built in 1985, with expansions following in 1993, 1994 and 1998 before the start of the latest in 2013. The Woodbury Planning Board opened review on Simon’s latest plan earlier in December. The total new retail space would reach 143,492 square feet, according to the plans, primarily in the southwestern portion of the prop» WOODBURY

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