IDA hatches new plan to get Vista shovel-ready

Mark Hennessey expressed those concerns when he voted against moving forward with that plan. He's a member of the IDA and Town Board.

"I think taking the special assessment district out of there is certainly an improvement," he said of the new plan. "I still have a lot of questions, and I think other members of the board do too."

Proponents of IDA involvement hope this plan would hasten build out of Vista. Columbia Development (a major stakeholder) has said an interested tenant needs a building ready by Nov. 15, and ground can't be broken there until a road is at least partially built.

"We need to get an inducement resolution very quickly here," said IDA Board Member Joesph Richardson. "We could lose that 110,000-square-foot building."

So far, it is clear various retailers, including a ShopRite grocery store, have signed on to locating at Vista. The identities of potential non-retail tenants remain closely held by developers.

The IDA still has to review the financing plan before it can be approved, which means at minimum a trip through the agency's finance committee. Since the agency only meets monthly, a special meeting has been scheduled for 7 a.m. on March 2 for the finance committee to review the plan. It's possible action could be taken by the full board at that meeting, as well.""

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