continued Joe Nicolla, president of Columbia Development Companies, said the company is deciding what steps to take next with the project and will have more information in the coming weeks.
Before the project could begin, Albany County, the Bethlehem Central School District and Bethlehem town leaders signed off on an agreement to use PILOT payments, or payments in lieu of taxes, for construction of the main roadway into the campus. Albany County has previously promised $1 million to Vista development.
The first three tenants were also granted PILOT agreements from the Bethlehem IDA that will eventually amount to $200,000 in tax breaks.
Venezia said so far the IDA is happy with the pace of the project.
“Everything moving along just as we thought it would,” he said.
Ritz said the street into the Vista Campus and the utilities are scheduled for completion in August. They are now waiting on designs from National Grid, Verizon and Time Warner and the permits to begin utility installations underground.
“In that area of the project, we are behind,” he said.
DeForest said the foundation for ShopRite’s building is already complete and the store should open around the time the road does in August or September.
“Very soon we will see things go vertical,” he said.
He said the sub base of the road will begin to take shape in the spring along with work done by National Grid, and paving of the road should begin by summer.
When the ShopRite building is complete, DeForest said BBL will move on to the two banks and an office buildings, all of which are slated for 2012 openings.
“For now, we’re in good shape,” he said.