Recently, Rochester Senator Joe Robach applauded the announcement that the New York State Empire State Development office has approved four million dollars in funding for College Town in Mt. Hope neighbor of the City of Rochester. In cooperation with the Finger Lakes Regional Economic Development Council, in which Senator Robach is a member, these funds will go towards the ongoing redevelopment of the Mt. Hope corridor. Currently progress on College Town has seen the completion of the mixed-use development in southwest Rochester, near the University of Rochester’s main campus and its medical center. Phase I includes 50,000 square feet of office space and 110,000 square feet of retail and restaurants.
The College Town project is increasing tax revenues and creating jobs while establishing a vibrant mixed-use environment that will become a regional magnet for those that live, work, shop, visit, and study nearby. The retail and restaurant components are expected to create 275 new jobs, and the office space will accommodate over 200 jobs. At least 10 additional jobs will be created for the management of the property. Annual sales tax revenue of approximately $2.5 million is projected.
Rochester Senator Joe Robach was proud to support this project and work to ensure that it will be a success not only for the University of Rochester but for the City of Rochester and Monroe County.