MARCY — Development of the Marcy Nanocenter hit a wrinkle yesterday when the Great Lakes and Ohio River Army Corps of Engineers denied a wetlands permit for the center located at State University of New York Institute of Technology at Utica-Rome (SUNYIT) in Marcy.
Mohawk Valley EDGE, which oversees the Nanocenter’s development, sought a wetlands permit in order to make the site “shovel ready” for prospective tenants. The Army Corp of Engineers (USACE), however, said in a letter to EDGE that the project does not meet the regulations for such a permit because it doesn’t have an entity signed on to build on the site.
The letter indicated that EDGE can continue to pursue a semiconductor manufacturer for the site and resubmit its application for the wetlands permit when it has a project lined up.
(Sponsored)
Protecting your family business is more than financial and estate planning
By Lindsay Usherwood General Counsel I want to roll back the title of Ask the Expert because I don’t believe anyone can be an expert in family business. It is
“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud. Unfortunately, that is when the
“The decision is disappointing as the USACE fails to recognize the need to complete physical redevelopment of the site now, in order to meet timeline demands by the semiconductor industry,” EDGE President Steven DiMeo said in a release. He added that EDGE is consulting with its lawyers as well as federal, state, and local officials to explore its options.
EDGE has been working to draw a semiconductor company or other nanotechnology-related company to the more than 420-acre site, located on the SUNYIT campus, through efforts such as exhibiting at events such as SemiCon West, an expo dedicated to the semiconductor industry.
Contact DeLore at tdelore@tmvbj.com
