TITLE

Destiny Has to Wait: Lawsuit Hampers Syracuse, N.Y., Project

AUTHOR(S)
Whalen, Robert
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/30/2006, Vol. 355 Issue 32308, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the delay of the plan to start the first phase of the $2 billion-plus Destiny USA project in Syracuse, New York as the city and its industrial development agency defend a lawsuit filed by the developer Pyramid Co. on December 30, 2005. Pyramid filed suit against the city and the Syracuse Industrial Development Agency because of their plans to sell an undetermined amount of taxable bonds backed by payments in lieu of taxes, which were to finance expansion of the Carousel Center mall. The mall is targeted to be the core and starting point for the much larger Destiny project, which is aimed to be a futuristic retail destination complex exhibiting and demonstrating technology and innovation.
ACCESSION #
19752229

 

Related Articles

  • Slow Progress at Destiny USA. Breskin, Ira // National Real Estate Investor;Feb2003, Vol. 45 Issue 2, p10 

    Reports on the slow progress at Destiny USA in Syracuse, New York. Announcement of Pyramid Cos. for lease commitments with the retailers; Impact of the poor performance of the retail sector on the developers; Praises on the track record of Pyramid general partner Robert Conger.

  • Pyramid Co. abandons construction of Rockland County shopping mall.  // Hudson Valley Business Journal;4/18/94 - 4/25/94, Vol. 5 Issue 52, p35 

    Reports on Rockland County's Pyramid Company's stopping of construction on the mall, Palisades Center in West Nyack, New York. Reasons for the halting.

  • Opponents fret as supermall seeks right to rise higher. Korman, Richard; Nyack, West // ENR: Engineering News-Record;7/29/96, Vol. 237 Issue 5, p17 

    Reports on the expansion plans of the Pyramid Cos. for the Palisades Mall in West Nyack, New York. Concerns of residents and Rockland County officials; Environmental issues; Expectations.

  • Destiny USA's Green Vision. Piperato, Susan // Retail Traffic Exclusive Insight;11/14/2011, p1 

    A review is offered for the Destiny USA shopping mall located in Syracuse, new York.

  • High Drama over Destiny USA. Kalette, Denise // National Real Estate Investor;May2008, Vol. 50 Issue 5, p40 

    The article reports on the expansion of the Carousel Mall in Syracuse, New York. According to the author, developer Pyramid Cos.' master plan involves the transformation of the regional mall into Destiny USA, a mega-mall with more than two million square feet. The author adds that the first...

  • Scaled-back Palisades Center doesn't deter its opposition. Philippidis, Alex // Westchester County Business Journal;11/18/96, Vol. 35 Issue 47, p12 

    Focuses on the lawsuits filed against Pyramid Cos. of Syracuse concerning its development of the Palisades Center Mall in Rockland County, New York. Effect of the shopping mall on stores near Westchester County's Hudson River shore communities; Transfer of land for roads.

  • It's not pretty when DestiNY meets Democracy. McChesney, Charles J. // Business Journal (Central New York);12/21/2001, Vol. 15 Issue 51, p19 

    Editorial. Comments on the delay in the tax deal for the planned expansion of Carousel Center in New York State by Pyramid Companies. Significance of the expansion to the economy of the state; Tax concessions demanded by Pyramid.

  • Enemies go for a knockout of mall.  // ENR: Engineering News-Record;11/18/96, Vol. 237 Issue 21, p35 

    Reports that residents and environmentalists of Clarkstown, New York filed suit against Pyramid Cos. concerning the Palisades Center Mall's expansion plan. Mall owners and local residents' filing of a separate lawsuit against Pyramid; Clarkstown government's decision on the expansion plan.

  • Michael Lorenz joins Pyramid, will work on mall expansion. Dickinson, Casey J. // Business Journal (Central New York);03/23/2001, Vol. 15 Issue 12, p3 

    Announces the move of former CABLExpress President Michael Lorenz to join Pyramid Co. to work on its Carouse Center expansion project in Syracuse, New York. Task of ensuring the success of the shopping mall expansion; Plan to work with a group in creating an economic-development engine;...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics