Binghampton Development Corporation (BDC) was awarded a 15-year Community Builder PILOT to enable the organization to construct a 48,565 SF grocery-anchored commercial center located at the Southeast corner of Sam Cooper Boulevard and Tillman Street.
A brand new $7 million retail center anchored by Save A Lot grocery store and Dollar Tree has replaced a once derelict and delinquent apartment complex situated on a busy urban corner in a USDA-classified food desert.
The Community Builder PILOT enabled the BDC to attract Save A Lot and Dollar Tree, more than 7,000 SF for additional retail space and additional site development. The development is a part of the BDC’s 10-year vision for the neighborhood.
Total Capital Investment: $6.8 million
Projected Tax Revenue: $620,232