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COMIDA grants Marketplace tax deal

COMIDA grants Marketplace tax deal

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.

 

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