Developers chosen for four moth-balled psychiatric centers.Governor George E. Pataki has announced that Empire State Development Corp. (ESD (1) (Electronic Software Distribution) Distributing new software and upgrades via the network rather than individual installations on each machine. See ESL. ) has designated preferred bidders for four mental health properties, bringing in $55 million as part of the Governor's continuing effort to privatize State property to benefit taxpayers. The four sites include Pilgrim State Psychiatric Center in Islip; Long Island Developmental Center (LIDC LIDC Learning and Instructional Development Centre (Canada) LIDC Long Island Development Corporation LIDC Labrador Inuit Development Corporation LIDC Lung Image Database Consortium LIDC Low Intensity Direct Current ) in Huntington; Central Islip Psychiatric Center; and the Bernard Fineson Developmental Center Corona Unit in Queens. "We're privatizing the World Trade Center, the New York Coliseum The New York Coliseum was a convention center that stood on Columbus Circle in New York City from 1954 to 2000. It was designed by Leon and Lionel Levy in a modified international style, and included both a low building with exhibition space and a twenty-six-story office block. , and the 14th Street Armory, and Stewart Airport will be the first airport in the country to be leased to a private operator," Governor Pataki said. "Now we are following suit with the first wave of surplus property sales, keeping New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of in the forefront of privatization." "Rather than allow these properties to languish in the hands of state bureaucracies, we are putting them put back to work for the people of New York, helping to ease the burden on local property taxpayers," Pataki added. "Their sale will not only increase local tax revenue, but their redevelopment will integrate them into the communities, stimulate vital private sector economic activity and create new jobs." The four properties, totaling 1,100 acres, will bring $55 million, which more than covers the approximately $40 million indebtedness of the properties. They were originally offered for sale with eight other properties in July 1998. Bids are still being evaluated for Hudson River Psychiatric Center The Hudson River State Hospital, later known as the Hudson River Psychiatric Center, was named a National Historic Landmark for its extraordinary architecture. It is located on US 9 just north of Poughkeepsie, where it dominates the view to the east of the road. in Poughkeepsie and Wilton Developmental Center in Saratoga County. The remaining six properties are expected to be re-packaged and re-bid with additional properties next year. David Binswanger, president of the consulting firm that helped with the sale, said "Given the uncertain nature of the current real estate market, we were extremely pleased with the high interest on the Downstate down·state n. The southerly section of a state in the United States. adv. & adj. To, from, or in the southerly section of a state. down properties, the number of bids and the final bid amounts. We look forward to the second wave of offerings." The bid results are as follows: Pilgrim State Psychiatric Center: Reckson Associates, a Long Island based publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), made the top bid at $32 million. Long Island Developmental Center: SBJ SBJ Sports Business Journal SBJ Supersonic Business Jet SBJ Sacramento Business Journal Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture between JOBCO and Benjamin Development Company, made the top bid $16.1 million. Central Islip Psychiatric Center: Arlen Contracting Corporation, a Nassau County-based company, made the top bid at $2.22 million. Bernard Fineson Developmental Center - Corona Unit: 104th Street Realty, a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. developer, made the top bid at $4.61 million. Charles A. Gargano, chairman of ESD, which heads up Governor Pataki's privatization program, said," This is further proof of Governor Pataki's dedication to reducing government and giving the private sector the opportunity to create sensible development and new jobs. This is a momentous enterprise - these properties will go back to the private sector, return to local zoning control and generate local real estate taxes." All the properties, formerly used as long-term care facilities, have been closed for some time. In the cases of Pilgrim State and Long Island Developmental Center, the Department of Mental Hygiene will continue to operate on retained portions of the properties. The sales will put these properties back in the hands of local governments and communities, who will have the power to decide what mix of open space and development, and the type and density of development, they would like on the properties. These transfers are subject to all appropriate state laws, rules and regulations, including those relating to environmental conservation and historic preservation. Information about the properties that were offered can be obtained through the Empire State Development web site at http://www.empire.state.ny.uslandsale. |
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