The City of Geneva, the Geneva LDC and Hobart William Smith have announced some sweeping economic development agreements today. The Colleges will seek 31-million dollars in civic facilities bonds through the LDC . City Manager Matt Horn says the Colleges will be able to save a lot of money refinancing with them.
The LDC in turn will get a 200-thousand dollar issuer fee which they can bank for later projects.
WORK UNDERWAY AT PLAZA
It was also announced today that Colleges have also reached an agreement with the developers of the newly-dubbed Tops Plaza on Hamilton Street for vacant land the Colleges own that will provide better access for truck traffic to the Plaza.