Share this article

print logo

COUNTY IDA HOLDS HEARING ON BOND ISSUE

The Erie County Industrial Development Agency held a public hearing Tuesday on the agency's proposal to issue $1,815,000 of industrial revenue bonds to Biosight Inc.

The firm plans on opening its headquarters in the Commerce Green Industrial Park in East Aurora. They manufacture medical industry products.

At the public hearing in the Aurora Town Hall, Paul R. Leone, director of business development for the ECIDA, said Biosight is eligible for property tax benefits from the Town of Aurora, East Aurora Union Free School District, Village of East Aurora and the county. Leone said Biosight would also be eligible for sales tax exemptions for certain material and equipment incorporated in the project.

Gary Grote, executive director of the Greater East Aurora Chamber of Commerce, speaking on behalf of 650 members, said "We feel Biosight on its own is a strong project for the Commerce Green site and deserves ECIDA consideration." Grote said he believes the Biosight project "Will be a catalyst for further development" at the largely vacant industrial park.

The site was the location of a long, protracted effort in 1993 and '94 by a developer seeking to rezone the property to commercial, paving the way for what many believe was to be a Wal-Mart discount department store. The attempt failed when Tops supermarket pulled out of the joint venture with Wal-Mart, and the Village Board refused to rezone the property.

Biosight would be housed in an approximately 17,900 square foot facility with a tax abatements being applied to purchase and installation of equipment, Leone said. Biosight representatives were not present at Tuesday's public hearing.

There are no comments - be the first to comment