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Post by forkodak on Mar 25, 2014 8:56:18 GMT -5
(copy paste in part) These developments include: •Under the leadership of Governor Andrew Cuomo, commitments for more than $90 million in investments by New York State to attract new companies that are transforming EBP into a diverse hub for research and development and high tech manufacturing, showcased in a recent visit to the site by the Governor. •Completion of the acquisition of the site’s utilities by RED, an industrial energy efficiency firm that will upgrade and operate the unique and comprehensive utility infrastructure, providing stability for EBP and its tenant companies. •Support from the U.S. Environmental Protection Agency and the New York State Department of Environmental Conservation to move ahead with an environmental trust administered by the state, providing for ongoing environmental protection and resolution of legacy environmental issues. •Growth in the occupancy of EBP to more than 50 tenants and owners, with about 4,700 jobs and 7.2 million square feet of space at the campus. •Kodak’s commitment to maintain a significant presence at the site, encompassing research, development and manufacturing activities, including two new projects focused on production of films for touch screen sensors in collaboration with UniPixel and Kingsbury. finance.yahoo.com/news/kodak-offer-eastman-business-park-133000506.html
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Post by forkodak on Mar 25, 2014 9:20:19 GMT -5
So what is the price per square foot of office space in the Rochester area? They are selling 7.2 million square feet of space. Plus $90 million in investments by New York...
Could this sell for enough to cause the plan to be revisited to save tax assets?
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Post by forkodak on Mar 25, 2014 11:06:18 GMT -5
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Post by forkodak on Mar 25, 2014 16:07:35 GMT -5
No clue here; but the park was bought a long time ago when real-estate was cheaper so it would seem like Kodak would have to pay a high tax bill if they can sell the park…
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