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10/16/2012 10:10 PM

I-Square Developer to Decide on Future of Project Soon

By: YNN Staff

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The developer of an Irondequoit project now in limbo says he'll make a decision in the next month or so about what direction to take I-Square.

Mike Nolan says once that "Plan B" decision is made, it would be "irreversible."

Nolan was at the Irondequoit town board meeting Tuesday night to speak at the public comment session. He wants the town to pass a 25-year PILOT plan for the project.

The board approved a ten-year plan last month instead. It's a plan Nolan says he can not work with.

"Remember, this does not cost our residents a dime. Nobody's tax bill is going up one penny
because of I-Square. For the town to pass on it, in lieu of the reasons they gave, is really questionable, so I think a lot of people have a lot to say about that. So we'll see," said Nolan.

The town board said last month it was leery of Nolan's lack of a solid business plan in place for the mixed-use I-Square development.