The planned sale of the Rochester Technology Park was announced today in the D&C.
This should be very good news for Gates residents and taxpayers since the soon-to-be new owners are promising some quick and dramatic action towards bringing in new tenants. As the number of new occupants increases, the value of the property will rise. That will lead to growing tax revenues to the Town in future years.
As most local residents know, the Tech Park was formerly Eastman Kodak's Apparatus Division. Kodak's abrupt departure ripped a hole in the Town's assessed valuation and its tax revenues. The Town Board's initial optimism that the Tech Park would quickly be re-marketed, quickly met the reality of post-9/11 recessionary pressures.
We have good reason to believe that the new owners will be able to realize the potential that the RTP has to bring new business, jobs, and tax revenues into the Town.
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