PILOTS All Around–But No New Parking MetersPosted: September 10, 2012
Today, by a 5-4 vote, the Syracuse Common Council approved a 10-year PILOT agreement with developer Cosimo Zavaglia on his project to build market-rate apartments in an area near the proposed Syracuse Inner Harbor development.
The Council vote was unanimous for a 7-year tax PILOT agreement with Tops Market to re-open a grocery store on Pond St. recently abandoned by Wegmans.
However, the Council only voted 5-4 in favor of replacing the parking meter system that will be unable to process credit cards after November. Any bonding requires a super-majority of the Council–6 votes–so the measure failed.
For those keeping score at home, that’s TWO votes to give away revenue and ONE vote to not accept revenue.