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Saturday 10 December 2022
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Syracuse Inner Harbor Developer Sues SIDA for $1 Million

By Staff

 

Syracuse Inner Harbor

Syracuse Inner Harbor

Syracuse Inner Harbor Developer COR Development Co. has filed a lawsuit against the Syracuse Industrial Development Agency for $1 million, as well as payment of the company’s court costs and attorneys’ fees, due to a breach of contract.

“After several failed good-faith attempts to obtain previously agreed upon, and long overdue funding for completed work of the construction of public roads and utilities at the inner harbor, we were left with no choice but to file an action against SIDA for its breach of contract,” COR President Steve Aiello stated.

The company’s lawsuit came following the dismissal of two lawsuits filed by Mayor Stephanie Miner and SIDA against COR recently, after the company decided to seek tax breaks from the Onondaga County Industrial Development Agency.

According to the developer, SIDA has failed to pay the company the remainder of a grant it’s owed for work on the $324 million inner harbor development project, which totals $1.05 million.

“We are disappointed in the city’s, and SIDA’s, continued lack of cooperation to bring the very jobs, and urban redevelopment for which they have been calling,” Aiello stated.

State Supreme Court Judge James Murphy dismissed Miner’s lawsuit against COR in February, and dismissed SIDA’s lawsuit against the company on March 23.

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