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Medley Centre reaches pivotal deadline
Irondequoit, N.Y. -- A crucial deadline has arrived for Medley Centres owner.
Bersin Properties, LLC, owned by developer Scott Congel, must pay about $3.8 million to the town, the East Irondequoit Central School District and the County of Monroe Industrial Development Agency (COMIDA).
The money is from missed payments and penalties incurred for not meeting investment requirements laid out in a tax agreement.
Earlier this week, Congel sued his Japanese lender, claiming the project only stalled when the bank pulled funding.
If the payment is not made, the tax agreement could be voided. If that happens, both town and county leaders have said they will sue.