Westchester & Fairfield County Business Journals 123118

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CREATIVE AGENCY

PEEKSKILL SALE

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DECEMBER 31, 2018 | VOL. 54, No. 53

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Tolls, higher taxes for Connecticut?

Ned Lamont

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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he much-debated return of tolls to Connecticut’s highways took a potential step forward with a transportation group formed by Gov.-elect Ned Lamont recommending the installation of tolls for all vehicles, as well as possibly increasing the gas tax. During his campaign for governor, Lamont repeatedly said he was in favor of levying tolls only on tractor trailers. The state Department of Transportation released a study last month saying that the installation of 82 tolling gantries across the state could net $1 billion per year in revenue if applied to all vehicles, with 44 percent of that revenue generated by in-state drivers. “We recognize that the tolling conversation isn’t easy, but we agree that it is a hard conversation that our state needs to have,” Melissa Kaplan-Macey, co-chairman of the transporta» TOLLS

A future vision of Port Chester’s waterfront. Provided by Village of Port Chester.

Hudson Valley lands $87M in state development funds, $16M to Westchester

BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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he Hudson Valley region will receive $87.1 million in state grant funding for economic development projects, just under $16 million of which will benefit proposals in Westchester County. The money is part of more than $763 million in economic and community development grant funding awarded through the eighth round of the Regional

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Economic Development Council initiative. Gov. Andrew M. Cuomo established the councils in 2011, which compete as 10 designated regions for grants distributed by Empire State Development, the state’s chief economic development agency. The big winners in Westchester include a planned expansion for the Greyston Foundation in Yonkers, a mixed-use apartment proposal in Pelham and a plan for a new public space near Sleepy Hollow’s waterfront.

The Mid-Hudson Regional Economic Development Council was named a “top performer” and received the second-most money among all regions. The funds will support 122 projects, 23 of which are in Westchester. Sleepy Hollow public officials celebrated the state’s award of $1.58 million toward its Sleepy Hollow Commons project. The village plans to clean up a 28-acre, village-owned parcel on the east side of the property that served for decades as part of » FUNDS

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