Extension Contingent on Citigroup Payments ResumingJuly 28th, 2009
By JEFF LANDSET
Syracuse, N.Y.-- DestinyUSA has been given a reprieve of nearly three months from losing its tax-exempt status. Saturday was the original deadline for Destiny to complete the first phase of construction: a finished extension to the Carousel Center mall.
But the Syracuse Industrial Development Agency voted to extend the deadline for at least 87 days. This, however, is under the assumption that Citigroup resumes its payments which they stopped after saying developer Robert Congel refused to put up his own money after the project went over budget.
Mayor Driscoll Agrees With SIDA's Ruling
Mayor Matt Driscoll had said he would be willing to extend the deadline previously. And with the latest ruling, he has voiced his approval.
"I concur with the actions taken by SIDA today regarding granting an extension for the Aug. 1 deadline," he said in a news release.
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