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New village impact statement ready for inspection.


Forest City Rather Companies announced that the Yonkers Yonkers (yŏn`kərz), city (1990 pop. 188,082), Westchester co., SE N.Y., on the east bank of the Hudson, in a hilly region just N of the Bronx (New York City); inc. 1855. Its elevator works date from 1852.  City Council has determined that its Draft Environmental Impact Statement (DEIS) for the 81.4 acre Ridge Hill Village is complete and ready for public review.

The mixed-use project will feature 1.3 million square feet of retail development, including: shopping, restaurants and entertainment; 150,000 square feet of office space; up to 800 residential units; as well as a hotel and conference center.

"During the past eight months we have worked with the Administration of the City of Yonkers, the Yonkers City Council and the City's consultants to ensure that the Ridge Hill Village Draft Environmental Impact Statement provides a comprehensive overview of the project," said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England.  C. Ratner, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Forest City Rather Companies.

"We're thrilled thrill  
v. thrilled, thrill·ing, thrills

v.tr.
1. To cause to feel a sudden intense sensation; excite greatly.

2. To give great pleasure to; delight. See Synonyms at enrapture.
 that the approval process can now move forward.

"We will continue working with the Council and the community on an indepth review of the project in order to create a final document that will enable us to bring this unique and exciting open-air shopping experience to the people of Yonkers and the region."

Ridge Hill Village will produce approximately 7,704 jobs during construction and sustain some 5,744 upon opening.

During its first year of operation, Ridge Hill will generate an estimated $56.7 million in direct tax revenues for 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
 State, Westchester County and the City of Yonkers-with Yonkers' share estimated at $15.2 million.

Over a 20-year period, the cumulative amount of direct tax revenues will rise to $1.5 billion, with Yonkers collecting a total of $399.3 million.

In addition, the project will generate millions of dollars in indirect revenues. Construction of the $600 million project will take approximately 28 months.

Located in the City of Yonkers between the Sprain Brook Parkway The Sprain Brook Parkway is a 12.65 mile (0 km) long north-south parkway in Westchester County, New York. It is one of the newest and most modern parkways in Westchester County, adopting many ideas and improvements developed  and the New York State Thruway The New York State Thruway (officially the Governor Thomas E. Dewey Thruway) is a limited-access toll highway in the U.S. state of New York. Built in the 1950s by the State of New York in order to connect the major cities of New York, it is the longest toll road in the , Ridge Hill Village will be easily accessible to the residents of Westchester County and the region.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Westchester
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 9, 2004
Words:318
Previous Article:Historic move.(Westchester)
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