COR receives 1.8 million dollars in new tax abatement in June. They use the money to subdivide and retrofit a building that taxpayers had already subsidized to the tune of 4.6. Million in 2006. Now, COR wants to sell off part of the subsidivion that we helped finance. Sounds like a pretty sweet deal. If GCEDC is willing to help pay for remodeling my home, I will be happy to sell it also.
Hearing set to subdivide Batavia Towne Center for new Kohl's
Submitted by Howard Owens on December 23, 2013 - 5:05pm
The Town of Batavia Planning Board will hold a public hearing Jan. 7 to consider an application for a subdivision of property in Batavia Towne Center.
The subdivision would make it possible for Kohl's Department Store to own its own property inside the shopping center, much like Target does now.
Kohl's would be purchasing the parcel from COR Development.
In June, the Genesee County Economic Development Center Board approved $1.8 million in new tax abatements for COR (on top of the $4.6 million in tax breaks COR received from GCEDC in 2006), ostensibly to attract new businesses that provide goods or services not readily available in Genesee County.
Kohl's is a department store chain that sells furniture, clothing, bed and bath items and other general merchandise.
The store will be located where Lowe's once had its garden center, just south of the new Dick's Sporting Goods.
To the north of Dick's will be a Five Below and possibly Marshall's; both are discount retailers.
In order for Kohl's to own its own parcel, the property currently owned by COR must be subdivided.
All subdivisions must go through a public hearing, which is a chance for the public to learn the facts of the project relevant to the subdivision and comment on the issue.
The same process was used to subdivide Batavia Towne Center for Target. A portion of the tax breaks secured by COR in 2006 are now applied to the Target property.
While it's possible for Kohl's to apply to transfer tax abatements received by COR to the new parcel, Rachael Tabelski, director of marketing and communications for GCEDC, said the agency has yet to receive an application for the tax abatements from Kohl's.
The hearing will be held at Batavia Town Hall, 3833 W. Main Street Road, Batavia, at 7:30 p.m., Jan. 7. Written comments will be accepted prior to that date.