Christine CorradoApr 3, 2017, 3:36 pmApr 3, 2017, 6:51 pm

Westchester officials announce $2B deal to build biotech center

The deal to build a major bioscience center next to Westchester Medical Center is one of the largest in county history

Share
Embed code of this video:

Westchester County Executive Rob Astorino said the deal to build a major bioscience and technology center on vacant land next to the Westchester Medical Center in Mount Pleasant is one of the largest the county has ever done.

The project promises to create thousands of jobs and millions in tax revenue and rent for the county. The county executive also said the sky is the limit for what the bioscience center could do for the world.

"Just imagine if the next breakthrough drug for medication for heart disease or Alzheimer’s of cancer is born right here in our borders," said Astorino.

Fareri Associates will develop the property. Neil Deluca, CEO of Fareri estimated that “the entire process will be 18 months to 24 months."

Ultimately, the decision as to whether the center’s construction proceeds or not will be up to the Mount Pleasant Planning Board. Mount Pleasant’s town supervisor said he is pleased the project is moving forward.

"It’s a plus for local businesses, its a plus for labor, for the jobs," said town supervisor Carl Fulgenzy.

The Westchester County Board of Legislators will vote on the 99-year lease on Monday night.

What's On Now & Next

Traffic

New England Trwy N|I-95 N

I-95 I-287 TO CROSS BRONX
North|North
South|South|South|North
13 min (Avg 63 MPH)
17 min (Avg 56 MPH)

Hutchinson River Pkwy S|I-678 S

HUTCHINSON RIVER PKWY CROSS BRONX TO I-287
South|South
North
16 min (Avg 56 MPH)
16 min (Avg 59 MPH)

Cross Westchester Expy W|I-287 W

I-287 I-87 TO EXIT 12
West|West
East|East
12 min (Avg 62 MPH)
12 min (Avg 62 MPH)

I-684 N

I-684 I-287 TO I-84
North
South|West
24 min (Avg 67 MPH)
29 min (Avg 58 MPH)

I-287 E

I-87 EXIT 14B TO TAPPAN ZEE BRIDGE
East
West
21 min (Avg 38 MPH)
12 min (Avg 56 MPH)
More Traffic »

Weather

Nyack, New York
Clear
30°F