By CHRIS CHURCHILL, Business writer First published in print: Tuesday, July 7, 2009
ROTTERDAM -- The Schenectady Metroplex Development Authority on Monday said it had finally convinced the state to sell a mammoth building here, completing a long-standing goal.
Sefcu The Schenectady County development agency and county officials had, since at least 2007, urged the state to sell the former bakery in Rotterdam Corporate Park, off Route 7, because they wanted the building returned to property-tax rolls.
Metroplex paid $1 million for the 260,000-square-foot building -- one of the largest commercial buildings in the county -- along with a nearby 10,000-square-foot warehouse and adjoining land.
Under its agreement with the state, Metroplex will own the buildings for three years before selling them to private interests.
The bakery had supplied state mental health facilities until former Gov. George Pataki closed the operation in 1995. The state has been renting portions of the building, which is at the rear of the park, to several tenants, including a subsidiary of the Papa John's chain of pizza restaurants.
About 100,000 square feet of the building is empty.
The buildings are the only two in the park not owned by Galesi Group, a real estate development and management group headquartered there. Metroplex Chairman Ray Gillen said Galesi Group is a likely buyer of the buildings.
Under its agreement with the state, Metroplex will own the buildings for three years before selling them to private interests.
So is it on the tax books NOW? Or not until the plex sells it to a private interest? And with the state knowing how bad our economy is in upstate, why the heck would they bar the plex from selling it for 3 years? don't make sense does it? And it's kinda neat watching our tax dollar go from one government entity to another! NOT!
Quoted Text
The buildings are the only two in the park not owned by Galesi Group, a real estate development and management group headquartered there. Metroplex Chairman Ray Gillen said Galesi Group is a likely buyer of the buildings.
So the plex bought it for $1Million and then they can sell it to Galesi in 3 years? Perhaps for $1.00? Or how about for a no interest loan? Or how about for mega tax deductions?
Sorry folks, but something just seems fishy to me!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
So is it on the tax books NOW? Or not until the plex sells it to a private interest? And with the state knowing how bad our economy is in upstate, why the heck would they bar the plex from selling it for 3 years? don't make sense does it? And it's kinda neat watching our tax dollar go from one government entity to another! NOT!
So the plex bought it for $1Million and then they can sell it to Galesi in 3 years? Perhaps for $1.00? Or how about for a no interest loan? Or how about for mega tax deductions?
Sorry folks, but something just seems fishy to me!
It won't be on the tax rolls while Metroplex owns it. Can't be. They're <:cough:>non-profit .
PJ Foods plant in Rotterdam closing; up to 50 jobs lost Saturday, July 18, 2009 By Justin Mason (Contact) Gazette Reporter
ROTTERDAM — PJ Foods, a subsidiary of Papa John’s Pizza, will shut down its plant in the Rotterdam Corporate Park in October, possibly laying off up to 50 workers employed at the facility. Tish Muldoon, a spokeswoman with the Kentucky-based chain restaurant, said the logistics of moving goods out of the former state bakery and warehouse didn’t make sense because there are only a few Papa John’s locations nearby. She said the company will move the operation to an area in New Jersey, about 35 miles outside of Manhattan. “We decided it would be in the best interest of our operations to close the facility,” she said Friday. “[The Rotterdam plant] is pretty far away from where our restaurants are.” There are only three Papa John’s restaurants within a 50-mile radius of the Rotterdam plant. In contrast, there are more than 20 scattered within a 10-mile radius in the New York-New Jersey metropolitan region. The chain has an agreement with the Albany-based KNC Holdings Inc. that will result in 12 new stores opening, but neither company has disclosed exactly where these restaurants will be located. Schenectady Metroplex Authority Chairman Ray Gillen said the announcement of the expansion gave initial hope the company would stay, but the number of stores apparently wasn’t enough to justify the expenses the company faced in its distribution model. “They never had the market penetration they envisioned at one time,” he said. Gillen said the company’s pending departure from the former state bakery was one of the reasons Metroplex moved swiftly to acquire the property. Last week, Metroplex purchased the 260,000-square-foot complex from the state Dormitory Authority for $1 million. Metroplex will own the buildings for three years and then move to sell them to recoup the $1 million investment. Without the deal in place, Gillen said the space occupied by PJ Foods would have likely remained vacant because the Dormitory Authority prohibited Metroplex from marketing either of the buildings. “Unless we had ownership, that facility would stay empty and that’s unacceptable,” he said. PJ Foods occupies 44,600 square feet in Building 14 of the park. The company invested more than $2 million into modernizing the space, which was used to produce dough balls for pizza and for shipping pizza toppings. Papa John’s came to Rotterdam in 1997, promising to bring more than 150 jobs with it. At the time, the move was seen as a coup for the Pataki administration, which was facing criticism for dismantling the state’s 200-worker Division of Supply Support in 1995. “When we announced plans to privatize the state bakery, I promised to seek out private-sector tenants for the bakery complex,’’ Gov. George Pataki said during the company’s announcement. “Today, we make good on that promise by bringing 150 new private sector jobs to the Capitol Region, with potential for additional jobs in the near future.’’..............>>>>.................>>>>...............http://www.dailygazette.com/news/2009/jul/18/0718papaj/
Another Metroplex success not. It's time to either eliminate Metroplex or fire every officer on the Metroplex board and replace them with competent officers who can do the job Metroplex was formed to do.
Another deal with Galesi group? 50 more jobs lost because of Death Ray and Metrograft. Over 10,000 jobs have fled this County since Metrograft was created. But they did create one hot dog job outside the jam packed new DSS! Call the Gazetto editorial bored.
Thought their core mission was to revitalize Downtown? Maybe they should find an initial tenant for Clinton's Ditch before expanding to this?
“We decided it would be in the best interest of our operations to close the facility,” she said Friday. “[The Rotterdam plant] is pretty far away from where our restaurants are.” There are only three Papa John’s restaurants within a 50-mile radius of the Rotterdam plant.
market saturation anyone -
Pizza Hut - more info » 1820 Altamont Ave, Schenectady, NY - (51 356-5655
Joe's Pizza Place & Restaurant - more info » 2780 Hamburg St, Schenectady, NY - (51 355-7700
Shoporama Pizza - more info » 1122 Altamont Ave, Schenectady, NY - (51 356-1019
Johnny C's Pizza & Family - more info » 1821 Altamont Ave, Schenectady, NY - (51 355-8900
Sbarro - more info » 93 W Campbell Rd, Schenectady, NY - (51 346-9354
Lucia's Two Go - more info » 404 Princetown Rd, Schenectady, NY - (51 355-1400
I Love New York Pizza - more info » 1925 Curry Road, Schenectady, NY - (51 355-9400
was Alfred's Pizza & Bakery now has a new name- more info » 1600 Altamont Ave, Schenectady, NY -
"Gumbas" - but has a new name Pizza - more info » 7 Old Mariaville Rd, Schenectady, NY -
4 Corners Pizza - more info » 2807 Guilderland Ave, Schenectady, NY - (51 356-7000
."Godfather's Pizza - more info » 1911 Curry Rd, Schenectady, NY - (51 356-7197
Cusato's Pizzeria - more info » 1600 Altamont Ave, Schenectady, NY - (51 356-5555
Nicki P's - more info » 1269 Highbridge Rd, Schenectady, NY - (51 356-4370
more importantly there is a potential that 50 rotterdam residents are now unemployeed to no fault of their own
If you are a business owner looking for help they should 1st on your list
Tell me what business really wants to expand under the Obama dictatorship where a business will be stripped, raped, taxes out of existence and regulated to death potentially, all by arbitrary rules that his highness has yet to dream up next? Business owners I know are all very cautious, whether it be because of the out of control and violent rise in deficit spending, or the monolithic healthcare law he is about to implement with his willing accomplices in Congress.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
Logged
Another deal with Galesi group? 50 more jobs lost because of Death Ray and Metrograft. Over 10,000 jobs have fled this County since Metrograft was created. But they did create one hot dog job outside the jam packed new DSS! Call the Gazetto editorial bored.
356-5655
