Regeneron Expansion...

[7591]

Originally Posted by meatballlegend

If you want young people or even those with families to move to Westchester the job location should be walkable to rail. It also triggers building and development and more sense of community than a trashy boring sterile campus. Stamford did the right thing by having companies build near its Metro-North station.

Why? People don't want to work in the suburbs because they want rail access. This is not some startup that needs to attract people that only want to live in Brooklyn.

They really don't care anymore about being able to get Ethiopian food on their breaks- they would rather be home in 20 minutes. Also they are over that home being a 300 sq ft walkup- usually because they now have multiple children.

You don't seem to realize there is a large pool of highly qualified and educated people who are in the their late 30's and early 40's that have spent the better part of the last 2 decades living in the city and are now done with that phase of their life.

They are attracted to being able to work out of the city and do not require nor care about having rail access. Those who do- live and/or work in the city.

Nobody is going to work in Stamford- or even Manhattan for that matter- because of "the sense of community".

Westchester is way to expensive and developed for it to ever become a hotbed of anything other than a bedroom community for NYC- but it is nice for there to be more employment options for people who live here.

Nobody is going to work in New Brunswick because of the "rail access"- they are doing it because they can live in Somerset, eastern Hunterdon, and lower Morris counties and drive to work. New Brunswick's rail access is for people who live in Middlesex County and work in Manhattan.

[NYCresident2014]

Originally Posted by meatballlegend

There are tons of people in their late 30s and 40s still living in NYC and that have families and they make equal to or more money than the people that ran to Westchester and if anything are more educated than the ones in Westchester. As for multiple children, Americans barely make it two kids these days. We are not in the midst of some baby boom like after World War 2.

Westchester doesn't have a useful economy. It's economy is purely dependent on NYC. If NYC disappeared off the map, Westchester would look like **** stain since it has no viable economy. Without NYC, Westchester would look like another Flint or Detroit with all those big homes emptying out.

As for Jersey, some companies did the Westchester approach and put HQs in campuses in the middle of no where far from transit or walkable areas where you have to drive 20 minutes to get a slice of pizza. Guess what? Many of them ran away to Florida or closed down since the suburban office park style of the 1970s and 1980s is dead, and mostly failed.

Other companies did the right thing like J&J and Panasonic. While NJ is also dependent on NYC just like Westchester and Long Island, they at least added many companies around New Brunswick and Edison/Metro Park station, and many of the commuters are from within NJ using NJ Transit. Same deal with Panasonic's relocation to Newark since most commute to it via NJ Transit rather than car after they left the crappy Meadowlands area.

https://www.bloomberg.com/news/artic...public-transit

In the case of Stamford and Greenwich, both stations get a ton of reverse commuters from the city.

Sure, people that enjoy drunk driving or getting stuck in traffic will prefer to live in boring car oriented suburb. These are the same people that don't like Ethiopian or Thai food and will just eat boring bland food that you get in most garbage places in the United States. But there are many that want to avoid using their cars or not have one altogether, and that are open to cultural cuisine whether they are young or old.

That's a really nasty thing to say, not just about Westchester but about all suburbs. Why are you so bitter?

[ckhthankgod]

A related article...

Biotech company Regeneron buys Avon site in Rockland, plans millions in renovations: https://www.lohud.com/story/news/loc...ster-nletter65

"Avon's former research and development site in Rockland has been purchased by Regeneron, a Westchester County-based powerhouse biotech pharmaceutical firm.

According to a deed filed with the Rockland County Clerk's Office on Dec. 20, the $38.875 million sale of the site at 1 Avon Place in Suffern includes nearly 10 acres.

Regeneron plans to invest another $100 million in renovations at the location, according to Rockland County Industrial Development Agency documents.

"They are one of the best companies we have here in New York State," said Rockland Business Association CEO Al Samuels of Regeneron. "This is just tremendous for western Rockland County."

Avon in village since 1897

Avon announced its plans to close the Suffern site in 2022, with an 18-month timetable laid out then. Layoffs of its Rockland team started this year.

With a presence in the village since 1897, Avon once employed as many as 1,500 at the site. The current employment numbers for the site are estimated below 150.

The Suffern facility was among Avon's last in the U.S. and the work done at the site was being relocated to Brazil and Poland. "Avon didn't leave the Hudson Valley or New York," Samuels said. "Avon left this country."

The Regeneron project is expected to create approximately 230 new full-time jobs by 2026, when extensive renovations are finished.

Suffern Mayor Michael Curley said Regeneron told him the jobs would pay around $125,000 to $175,000 a year. "There’s a lot of good things happening in downtown Suffern.”

Regeneron grows

Regeneron has also been expanding in Westchester County. A nearly 1 million-square-foot expansion is underway, at a cost of $1.8 billion, at its main facility that straddles the towns of Greenburgh and Mount Pleasant.

Regeneron's planned growth in Westchester has positioned it as a biotech juggernaut in the county, with the Rockland land purchase expanding its footprint in the Hudson Valley. The company also has facilities in New York's capital region.

Regeneron reports it has more than 12,000 employees and offices in seven countries.

The purchase was made by Rock County Holdings, an LLC set up by Tarrytown-based Regeneron.

Tax breaks

The Rockland County Industrial Development Agency worked on the sale to Regeneron and was negotiating tax breaks, including Payments in Lieu of Taxes, or PILOTs.

Curley said his village has negotiated a community benefit worth $100,000 a year for the next four years, on top of the property taxes that will be paid. The expansion at Regeneron and planned development at the former Novartis property, Curley said, will facilitate the need for at least one new firetruck and may add needs for first responder services.

“It’s good for Regeneron, it’s good for the village of Suffern and it’s good for the taxpayers of Suffern,” Curley said.

Regeneron will also get a tax break on about $50 million of the renovation costs at the site, with exemptions of up to about $4.19 million in state and local sales taxes, according to IDA documents."
The site pays property taxes to the village of Suffern, town of Ramapo, county ofRockland and Suffern school district.