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The Times
  • Shoppers Square to be renovated

  • A multi-million dollar renovation project will receive tax incentives through the help of the Herkimer County Industrial Development Agency.

    The IDA board of directors passed a resolution to provide tax incentives to TRB Associates to help them to go forward with their project to renovate Shoppers Square in Little Falls.

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  • A multi-million dollar renovation project will receive tax incentives through the help of the Herkimer County Industrial Development Agency.
    The IDA board of directors passed a resolution to provide tax incentives to TRB Associates to help them to go forward with their project to renovate Shoppers Square in Little Falls.
    IDA Executive Director Mark Feane said about a third of the facility, on the eastern end, will undergo changes in the plan, including CVS, Subway and Main Moon Chinese Restaurant.
    “It’s certainly going to clean it up ... The bottom section will be all brand new,” said Feane about the project, noting the facility was built in the 1960s. “It’s going to be a good thing for the community.”
    Sections of the facility will be demolished and rebuilt. Tenants located where the demolition will take place will have the opportunity to relocate in the facility. This will help make room for a new grocery store option, that will become an anchor tenant at the facility. Feane declined to name the store.
    The estimated cost of the project, according to the resolution, is $5.8 million. Feane said by providing incentives to the developers — which includes exempting sales, tax, mortgage tax and real property tax — encourages them to go ahead with the project.
    “In this state and economy, these incentives are quite necessary,” he said.
    Feane said a public hearing will be set at a later date on the project. “We want to get a good gauge, and weigh the pulse of the community and the city of Little Falls itself,” he said.
    The IDA also passed two other resolutions during the meeting. One was to assist K&K Camping Development with a project at Old Forge Camping Resort on Route 28 and K&K Lodging Development with a $5 million project at Water’s Edge Inn in Old Forge.
    Public hearings will be held on both projects.
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