GREENBURGH, N.Y. (CBSNewYork) – A new development project on the table in Greenburgh has drawn some mixed reaction.
New York City developer LCOR has proposed developing the 100-acre site right next to where the Knicks and the Rangers practice facilities are located.
The development along Old Saw Mill River Road would include retail, a hotel, a bank, gas stations and two big box stores.
Town Supervisor Paul Feiner said it’s a sign the economy is on the rebound.
“It could generate as much as $7 million a year in taxes for the town and school district and fire district,” Feiner told WCBS 880’s Sean Adams. “It shows that Greenburgh is a desirable place for businesses.”
The overall development would be part of a biotech hub, Feiner said.
“I think it’s going to attract more biotech companies to Greenburgh Regeneron, which was rated the best biotech company in the world. It’s located at the site,” he told Adams.
But opponents of the large-scale development project have questioned the impact it would have on traffic and the environments.
Neighboring communities are worried about increased traffic and in impact the big box stores could have on local small businesses.
Feiner said all concerns will be considered.
“This could also help traffic rather than hurt traffic because the town for decades, we’ve been pushing New York state to build a 9A bypass,” he told Adams.
A public hearing on the proposal is set for June 12.
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