Monroe County’s Industrial Development Agency has approved a tax abatement deal for a proposed redevelopment of the Marketplace Mall in Henrietta.
The vote was unanimous.
The $30 million dollar project includes modernization of the existing mall, plus redevelopment of the current BonTon and DSW store sites. They’ll become a new wing of the mall with what Wilmorite calls a “regional draw anchor.”
The mall owner gets a 25 year PILOT, or Payment in Lieu Of Taxes deal.
Dennis Wilmot of Wilmorite said the deal is critical to revitalizing Henrietta’s retail corridor.