Entertainment

New biotech campus should arrive in Westchester «CBS of New York

VALHALLA, N.Y. (CBSNewYork) – Some call it a bipartisan no-brain.

Westchester County is set to take a major step forward with a plan to build a biotech campus, creating 8,000 jobs, reported Thursday Tony Aiello of CBS2.

It is located just north of the Westchester Medical Center, woodland known as "North 60". One day a house for a billion dollar complex is planned for biotechnology and life sciences.

Proponents say it will mean 4,000 construction jobs and 8,000 permanent jobs.

"Oh is a turning point, no questions," said Michael Welling of the Westchester Biotech Project.

WATCH: Upgrading the project & # 39; North 60 & # 39 ;:

Welling operates the non-profit organization, which supports the growing biotech sector of the county.

Unlike the Amazon affair that Governor Andrew Cuomo and Mayor Bill de Blasio are pushing in New York, this plan faces minimal opposition. The county executive George Latimer signed an agreement approved unanimously by the county parliament, leasing the North 60 to the developer John Fareri.

The property is located near the headquarters of Regeneron, a biotech company valued at $ 45 billion.

Westchester County has moved a step closer to building a state-of-the-art biotechnology campus near the county's medical center. (Photo: CBS2)

Proponents say the North 60 complex will be a center for life sciences businesses, with a dramatic economic impact.

"When you have companies that are here, when you have our kids going to college and coming back to work here in these types of industries that will be supported here, there's no doubt that this is a generational impact," Welling said.

Latimer is a democrat. Thursday, before signing the lease for this land, he did something that seems a little unusual given the current political climate. He credited Republican Rob Astorino, who worked long and hard on the project before losing to Latimer in 2017.

"If you build lines along the corridors, you have to give people credit when they did something right," said Latimer.

The agreement gives the county 6% of gross lease revenues for office buildings. It is expected to add up to millions of dollars per year.

The Amazon agreement in Queens is receiving many incentives from the state. It is expected that even the biotech companies that are in the new hub will pursue any available incentive money.

.

Post Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.