UPDATE FRANK'S NURSERY--FORMAL REVIEW BEGINS...REMEDIATION COSTS EXPECTED TO BE LESS
Release Date: July 03, 2016
We're making significant progress with our efforts to sell Frank's nursery on Dobbs Ferry Road to an assisted living facility. The formal land use review process should begin this month. The Town of Greenburgh land-use board review process will include special permit and site plan applications with the Town Board, and a wetland/watercourse permit application with the Planning Board. Meetings with both Boards will take place over the next several months, beginning with a Town Board referral of the special permit and site plan applications to the Planning Board for review and recommendation. The proposed use has the support of local residents and the civic association, based on prior Town Board outreach.
The sale price: $3.5 million minus the cost of remediation. Some good news. The remediation efforts are expected to be less than originally anticipated. And the town could reduce our costs even further with Brownfield Tax Credits. We anticipate receiving over $500,000 in taxes annually once the building is occupied (with most of the taxes going to the Greenburgh schools).
Greenburgh Town Supervisor