GCEDC BOARD TO CONSIDER APPLICATION FOR ELLICOTT STATION PROJECT IN THE CITY OF BATAVIA
Written by WBTA STAFF on January 8, 2020
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) board of directors will consider accepting an application for assistance for the proposed $22.5 million Ellicott Station project in the city of Batavia at the GCEDC’s Jan. 9 meeting.
The Ellicott Station project is a mixed-use brownfield redevelopment project including adaptive re-use and new construction of a blighted property in a key gateway entrance site to downtown Batavia. Considerable brownfield remediation, site improvements, and construction is proposed by project developer Savarino Companies.
“With Genesee County, the City of Batavia, and the Batavia City School District, we are working collectively to revitalize the city,” said Steve Hyde, president and CEO of the GCEDC. “The clean-up and redevelopment of the Ellicott Station site is a critical component of achieving our collective vision for Batavia’s Pathway to Prosperity.”
If the application is accepted, a public hearing on the proposed incentives will be scheduled in the City of Batavia.
The Ellicott Station project has been updated from a previous application that was approved by the GCEDC board in November 2018. The project proposes a 5-story apartment building with 55 new modern workforce housing units, along with a brewery, restaurant/beer garden, and the preparation of an additional development site on the 3.31 acre campus.
The proposed project supports the Genesee County’s EDGE economic development strategy of creating housing for entry level workers at Genesee County’s growing businesses.
Ellicott Station is requesting approximately $3.6 million in economic incentives, with a $2,105,792 property tax exemption, a $790,512 sales tax exemption, and a $180,792 mortgage tax exemption.
The proposed incentives are aligned with a request for financial support from the New York State Office of Homes and Community Renewal (HCR).
“We believe that the proposed project can be economically viable as the market-rate housing component checks a number of boxes that support the state’s interest in funding these types of developments,” Hyde continued. “The fact that there are a growing number of employment opportunities in the surrounding area to attract workforce talent to our region is certainly another factor we hope the state will consider in its decision.”