Endicott Planning Board OKs Kmart Plaza Redevelopment Project
A Vermont company's plan to establish a warehouse operation inside a former store building at the old Endicott Plaza has received approval.
The Endicott planning board has voted in favor of a special use permit sought by Green Mountain Electric Supply.
The Kmart store between Vestal and Harrison avenues has been unused since it sustained heavy flood damage in September 2011.
The electrical component supply business has proposed a $12.1 million project to turn the abandoned building into a regional distribution center.
The project is receiving millions of dollars in support from New York state taxpayers. More than $3.1 million in state funding is to be provided through Endicott's Downtown Revitalization Initiative grant which was approved in December.
The state also authorized spending $350,000 for renovations to the 95,000-square-foot structure under its Restore New York initiative.
Endicott Mayor Linda Jackson told WNBF News on Tuesday afternoon that "everything's a go" with respect to the Green Mountain Electric Supply proposal. She expressed some concern about the size of a payment-in-lieu-of-taxes plan that may be granted for the project.
The 18-acre site is located just east of the Jennie F. Snapp Middle School.
Representatives of the the Broome County Industrial Development Agency and Green Mountain Electric Supply could not be reached for comment about the tax breaks being sought for the redevelopment plan.
Contact WNBF News reporter Bob Joseph: firstname.lastname@example.org or (607) 545-2250. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.
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