NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

GGLDC - Western New York Science, Technology and Advanced Manufacturing Park Capital
(X544)
April 17, 2012
GGLDC has identified a market need to develop a much larger park than those
mentioned above. Such a mega site, of at least 1,000 acres, would seek to attract a
large-scale advanced manufacturing project. The Grantee has identified such a site in
the Town of Alabama, and has undertaken preliminary multi-faceted studies to
determine the feasibility of such a development. GGLDC realizes that, given the massive
infrastructure and other demands and issues associated with such a site, there are very
few such feasible projects in New York State (“NYS”) or even in the U.S. An example of
such a mega site is the Luther Forest project in the Capital Region, a multi-year effort
that required a very significant infrastructure build-out and attracted chip-maker AMD,
which is locating its new affiliate Global Foundries at the site. STAMP is the second such
mega site in NYS.
Ownership – GGLDC was formed in 2004 to undertake GCEDC’s real estate development
and has similar officers and board as GCEDC. GGLDC currently owns 50 acres and has
options on an additional 1,100 acres for the STAMP project.
Size – 1,000 acres or greater
Market – See Industry section above.
ESD Involvement – A $2 million appropriation was included in the Fiscal Year 2011-2012
New York State budget.
Competition – Companies often conduct national site competitions for sites like the
STAMP project. To be competitive, the site must be shovel ready.
Past ESD Support - In September 2009, ESD approved a $1 million Senate-sponsored
grant for an earlier phase of STAMP, for feasibility studies, and for environmental and
community outreach, of which $900,000 has been disbursed to date. From 2002 to
2007, ESD approved five Build Now NY loans and grants totaling $497,200 for soft costs
related to pre-permitting associated with other high-tech parks being developed. All of
these projects were successfully completed and the funds were disbursed.
The Project:
Completion – December 2012 (Phase III)
Activity – This is Phase III, implementation. It is expected that there will be one major
company locating at the park. In preparation, the building layout and infrastructure,
such as water, electric and roadways, need to be designed and constructed. Grantee
plans to purchase approximately 100 acres at the STAMP site that it has under option.
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