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Astorino Renews Commitment Not To Raise Taxes

April 20, 2017

In his 2017 State of the County Address, Westchester County Executive Robert P. Astorino on Thursday highlighted how Westchester is strong and growing stronger with safer streets, more people working, a greener environment and active economic development -- all while keeping property taxes flat. Astorino and the Board of Legislators worked together to shepherd a proposed $1.2 billion Westchester Bio-Science and Technology Center. Earlier this month, the county board approved a lease with Fareri Associates on 60-acres of county owned property at the Grasslands campus in Mount Pleasant that is poised to position Westchester as one of the world’s great innovation hubs – right alongside Cambridge, Mass., the Research Triangle in North Carolina, and Silicon Valley. When finished, the new center will feature more than two million square feet of biotechnology and research facilities, alongside space for medical offices, shopping, a hotel and a Children’s Living Science Center. The benefits of the North 60 project are that it will generate $9 million in estimated new real estate taxes; $7 million in estimated new annual rent to Westchester County and 12,000 jobs. It’s adjacent to highways, close to mass transit, has access to the most educated workforce in the nation and is near world-class medical and pharmaceutical institutions like Westchester Medical Center, New York Medical College and Regeneron.

Source: Westchestergov.com