The majority of the meeting of the Syracuse Redevelopment Commission was spent discussing possibilities for marketing of the newest of three TIF districts at the industrial park which is currently under construction at U.S. 6 and SR 13.
While the new industrial park should be finished, with utilities such as electric, phone, sewer and water prepared, the commission is still concerned about how they will attract buyers and how much they will charge for land.
For the commission, the goal of the newest TIF is to provide jobs to the area, 15 lots of various sizes will be the source. It was decided that cost may be determined based on the potential number of jobs industrial land buyers wish to create in the area using the land. Estimated costs for a single acre of land in the area range from $25,000 to $125,000 although the commission hopes to charge on the lower end of that.
Upon further discussion, the commission elected to explore their opportunities by discussing costs with local realtors and a continued investigation of regional land purchase costs. The prospect of a speculative building being constructed was also discussed as a means of marketing. A follow-up meeting has been tentatively scheduled for August, assuming construction is completed, as the commission has elected again selling land prior to project completion.
Officers were elected for this year’s Syracuse Redevelopment Commission on Wednesday as well. Brad Jackson has chosen to resign from the redevelopment commission. Former vice president Larry Siegel will serve as president, while former president Paul Stoelting stepped down to serve as vice president for this year’s commission. Ernie Rogers will continue to serve as secretary and Dan Van Lue will continue to serve as treasurer. With the resignation of Jackson, the commission is in search of a fifth commissioner since, thus far, the group has received no official replacement submissions.