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Namely what we are asking for is an increment or a portion of the taxes to be distributed back to the property to be exclusively allocated for capital expenditures," he said. Over the next 10 years, Wilmorite wants to keep $6.2 million it would have paid in school taxes, shifting the burden back to local taxpayers. Recently, Wilmorite negotiated itself a new tax deal with Ontario County and the Town of Victor in regards to Eastview Mall. A few years before that, the company said a PILOT was crucial to keep Marketplace Mall afloat and as News10NBC has been reporting, just one year after its grand opening, Del Lago Casino fell $100 million short of revenue projections. Already, the Wilmots, who own Wilmorite, have been back and forth to Albany trying to lobby Governor Andrew Cuomo for a tax break on that. "This is a skilled, experienced and savvy developer who knows their way around political arrangements. If they can squeeze a profit out of renting a store, if they can squeeze a profit out of running a casino or squeeze a profit out of the taxpayer, I'm sure to the developer a dollar's profit is a dollar's profit," says George Conboy Chairman, Brighton Securities. So far, Governor Cuomo has resisted a bailout on the Casino but it looks like the Town of Greece is willing to help out Wilmorite again. "If you look at the malls, we don't want to have another medley center…we have many residents that are gainfully employed at the mall and we're not going to let those jobs just vaporize," Greece Town Supervisor Bill Reilich tells News10NBC. In the end, some worry this deal could amount to using buckets to bail out a sinking ship, "you have to ask yourself how much taxpayer support should there be for a business that taxpayers themselves are not supporting with their shopping dollars," Conboy says. News10NBC asked Wilmorite for a sit down interview on Thursday. A spokeswoman for the company declined, pointing only to the statement issued on Wednesday evening in response to the Greece PILOT deal. "As consumer spending habits continue to evolve, so must the mall.The cost of retaining and bringing high quality tenants to the mall has dramatically increased over the past few years. This coupled with the challenges of recent industry wide closures and bankruptcies of retailers, such as Sears, is why we are requesting an amendment to the current PILOT. This amendment will help to provide some of the necessary funds to continue The Mall at Greece Ridge as a vibrant part of the community and a viable shopping center. The requested funds will be exclusively allocated for the capital expenditures and tenant inducements at the mall.
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