GCEDC to consider 20-unit housing project in Le Roy
Press Release:
Two projects submitted to the Genesee County Economic Development Center are projected to generate $5.8 million in community benefits.
The Genesee County Economic Development Center (GCEDC) board of directors will consider an initial resolution at its May 1 meeting for Ivy Village Corp’s proposed second phase construction of 20 units of market-rate adult patio homes in the Village of Le Roy. The first phase included the construction of 10 market-rate senior housing duplexes.
The proposed addition of 20 units of market-rate patio homes would add 24,960 sq. ft in the second phase of a three-phase, 60-unit development on 16 acres. The first phase added 35,312 sq. ft of new buildings for a combined construction of 60,272 sq. ft. The project is investing $3.5 million for the second phase.
Ivy Village Corp is requesting a sales tax exemption estimated at $168,000, a mortgage tax exemption estimated at $28,000, and a property tax abatement estimated at $669,440 based on the incremental increase in assessed value via a 20-year PILOT. The project is estimated to generate $2.7 million in local fiscal impacts, including payroll and tax revenues, for an estimated $4 local benefit for every $1 of requested incentives.
If the proposed project application is advanced, a public hearing will be scheduled in the Village of Le Roy.
The GCEDC board of directors will also consider a final resolution for Appletree Acres, LLC. The company is proposing to add a 20,000 square-foot expansion to an existing 50,000 square-foot warehouse in the Apple Tree Acres corporate park. A smaller version of the project was previously considered in December 2024.
The $1.237 million investment would create four full-time equivalent positions with an estimated annual salary range between $45,000 and $65,000 plus benefits.
Appletree Acres, LLC is requesting a sales tax exemption estimated at $58,800 and a property tax abatement estimated at $213,336 based on the incremental increase in assessed value generated by the expansion. The project is estimated to generate $3.1 million in local fiscal impacts, including payroll and tax revenues, for an estimated $14 local benefit for every $1 of requested incentives.
The GCEDC board meeting will be on Thursday, May 1, at 4 p.m. at the MedTech Center’s Innovation Zone, 99 MedTech Drive, Batavia.
Meeting materials and links to a live stream/on-demand recording of the meeting are available at www.gcedc.com.