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Waterfront Project Moves Forward Without Taxpayer Money
ITHACA (WENY) -- The Cascadilla Landing development project is going up along the Cayuga Inlet near the municipal golf course.
We had originally reported taxpayer money would be be used in this project, but that was a misunderstanding between our reporter and a city official.
"There is a development team, there is an investment team," says JoAnn Cornish, director of planning and development. "And yes, to our knowledge there are no public monies being put into the project. We certainly work with developers to make it the best it can be, but at no cost to the taxpayers."
Cascadilla Landing will include a variety of housing options for about 300 families, retail space and walking trails.
Project leaders hope to get the site plans and the environmental review approved next Tuesday (08/28), which will allow developers to get building permits.
City leaders say the waterfront needs development, and this will generate more sales and property tax revenue for the community.
"This is a really wonderful opportunity for Ithaca because we don't have anything quite like this," said Cornish. "Similar to other upstate cities, we really haven't taken advantage of the waterfront. So this is really the first thing like this in the city, and we're very excited."
If all goes as planned, the first of three phases will break ground next spring.