ONONDAGA COUNTY, N.Y. (WSYR-TV) — Onondaga County Executive Ryan McMahon delivered a major economic development announcement Tuesday morning in Syracuse.
A warehouse distribution application has been filed that, if finalized, could bring a minimum of 1,000 jobs to the area in the first two years of operation.
The development company, Trammell Crow, wants to build at the Liverpool Country Club site in the Town of Clay. The building would be around 3.7 million square feet and would be a $280 million investment by the company.
Trammell Crow, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate.
The company is not releasing the name of their client who will be the company using this massive facility.
McMahon tells NewsChannel 9, “There’s probably six or seven companies in this space that could put forward a $280 million project and it’s certainly one of those companies.”
To make this a reality, the company needs local government approvals to happen quickly in order to meet their deadlines.
“It’s very safe to say that if we don’t meet our timelines this project will go to another community,” he says.
Those deadlines are for approvals from the Onondaga County Industrial Development Agency for things like a 15-year PILOT agreement and other incentives plus benchmarks the company must meet to keep those incentives.
“We’re very pleased with what they asked for. We’re talking about a PILOT agreement for 15 years, but we’re not talking about 100 percent exemption in any of the years, so they’ll be immediate new revenue into the community if we can get this project done,” McMahon says.
It would also include a zone change from Commercial Recreational to Commercial Industrial by the Town of Clay.
McMahon says the jobs are good paying with benefits, something this community needs right now.
He says, “Certainly we believe when we’re working with folks to get them out of poverty and get them into careers that this warehouse distribution logistics space is a good space for them to take that first step.”
The project would also create 300 construction jobs.
The timeline is to have the approvals done by the end of this year and the site shovel ready for next spring.
McMahon says the facility should be operational in 2021, starting with 500 jobs the first year and another 500 the second year.
If you missed the press conference, you can watch it below:
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