continued Other new development projects, including revitalizing Latham Circle Mall and the Starlite Theatre, are giving “life to preexisting structures and properties,” Mahan said. The Shoppes at Latham Circle have received final site approval and Starlite has been completely demolished to make way for a mixed-used development.
“Redevelopment is essential for smart, sustainable growth,” Mahan said. “All of this new construction and redevelopment activity is very gratifying, not only because it helps build a strong tax base for the town, but also because it bears out the success of our concerted efforts to achieve redevelopment of abandoned or underutilized sites.”
In the past two years, Colonie has seen the creation of about 2,500 new jobs from new businesses, expansion and construction, Mahan said.
“2012 was truly a great year for the Town of Colonie, and as I think you can see, the stars are aligned for 2013 to be an excellent year as well,” she said.
Members of the audience had good things to say about the address. Vice President of Pioneer Bank James C. McGlynn said Mahan has grown into the job over the years and truly proved herself in 2012.
“In fact, (Mahan) demonstrated she is now in control,” he said. “She was on top fiscally of difficult situations. She’s brought us back to stability and that means tremendous things for our entire area.”