Yonkers, N.Y. (April 4, 2008) -- The $1.5 billion dollar first phase of the much anticipated SFC downtown and waterfront development took a major step forward when the Yonkers City Council voted unanimously on March 18 to begin the public review period for the project. This week the Council set the date for the official public hearing that will allow Yonkers residents to voice their support for this landmark project.

Once complete, the project will be the largest economic development initiative in the city’s history. Its first phase includes a one million square foot mixed use retail, office, and entertainment complex along with a minor league baseball stadium planned for Chicken Island. Also included are new government offices, parking facilities, waterfront residential towers, and the daylighting of the Saw Mill River at Larkin Plaza.

Mayor Amicone praised the City Council for moving the project forward and called for a timely public review period in order to get construction started this year.

Official notices for the public hearing and Draft Environmental Impact Statement are below.

VIEW THE DRAFT ENVIRONMENTAL IMPACT STATEMENT HERE.

WHAT:
Public Hearing
Struever Fidelco Cappelli (SFC) Project, Phase 1

 

WHERE:
Yonkers City Council Chambers
City Hall, 4^th Floor, 40 South Broadway

WHEN:
Tuesday, April 29, 2008 at 6:30 p.m.

WHY:
To ensure that the renaissance of our great city continues, supporters are requested to attend the public hearing and speak out in favor of the project. Advocating for the project will promote long term economic stability for the city and school district and will make for a more vibrant quality of life for this and future generations.

OFFICIAL NOTICE OF COMPLETION AND PUBLIC HEARING

Draft Environmental Impact Statement For The Projects Known As:

Palisades Point
Cacace Center
River Park Center
Larkin Plaza

Pursuant to Part 617 of the implementing regulations pertaining to Article 8 (State Environmental Quality Review Act (“SEQRA”) of the Environmental Conservation Law, a Draft Environmental Impact Statement (“DEIS”) has been submitted to the City Council of the City of Yonkers, as Lead Agency under SEQRA. The DEIS was submitted by the Applicant (Struever Fidelco Cappelli LLC (SFC)) in connection with the proposed redevelopment by the Applicant of 28.9 acres of land in downtown Yonkers, NY. The City Council accepted the DEIS as complete on March 18, 2008.

Public hearings will be held on the DEIS in the Yonkers City Council Chambers at 6:30 p.m. on April 29, 2008. Written comments on the DEIS will be accepted by the City Council until May 13, 2008 following the close of the hearing and should be addressed to the Lead Agency contact referred to below.

Name of Action: River Park Center, Cacace Center, Larkin Plaza, and Palisades Point

Description of the Proposed Project:

The Applicant, Struever Fidelco Cappelli LLC (“SFC”), is proposing the redevelopment of several underutilized parcels in and around Downtown Yonkers and its Hudson River waterfront. As proposed, the project would create new residential, retail, office, recreational, and open space uses in the four development areas. The primary development components of the proposal include the River Park Center, Cacace Center, Larkin Plaza, and Palisades Point. The application/petition of SFC as submitted to the Yonkers City Council on October 24, 2006 provides a detailed description of the location and build program for each project component, as well as a description of the anticipated related actions.

The proposed project would also include a number of improvements associated with the redevelopment such as new parking structures, amenities associated with re-exposing the Saw Mill River, and various public improvements outside the immediate redevelopment sites associated with necessary transportation and infrastructure improvements.

In addition to the development actions, the proposed project would include a number of related actions that would be discussed and analyzed in the DEIS. These actions include zoning amendments, amendments to urban renewal plans that affect redevelopment of the area, discontinuation of streets, alienation of city parkland, and numerous other approvals from various City, county, state, and, possibly, federal agencies. As proposed, the project includes the adoption of a Municipal Redevelopment Plan in accordance with New York Municipal Redevelopment Law to facilitate the issuance of tax increment bonds (“TIF” bonds) by the City of Yonkers intended to finance certain aspects of the proposed project.

Location: Downtown Yonkers, various sites.

Lead Agency: City of Yonkers City Council

To view a copy of the DEIS:
The DEIS is accessible through the City of Yonkers Website at www.yonkersNY.gov and is also available for review at the Yonkers Public Library, Riverfront Library, 1 Larkin Plaza, Yonkers, NY and at the Grinton I. Will Library, 1500 Central Park Avenue, Yonkers, NY during normal hours or operation. Additional copies of the DEIS may be obtained thorough the Lead Agency contact identified below.

Contact Person:
Rachelle Richard
Chief of Staff
40 South Broadway, Room 403
Yonkers, New York 10701
Phone: (914) 377-6060
Fax: (914) 964-1949
Rocky.richard@yonkersNY.gov