St Johns County Florida (where I live) is experiencing the same. We have quite a few refugees from South Florida. Winter is 10 degrees cooler and brutal summer heat doesn't last as long and just being a few degrees cooler makes a big difference. Hurricanes have happened but not near the frequency or intensity as other parts of FL. Plus the schools are considered the best or close to the best in the state.
Lease to a developer, and have them do what the County Exec wants built over at the Great Northern, housing, entertainment,, stores. A complete mini citi within the area.
DUUUUUUUVAAAAAAALLLLLLL!!!!!
Eh, it depends on the community. College towns are full of life: restaurants and bars, unique shopping, art, theater, music, sports, etc.
I understand that, but with all the capital needed to make such a development (lets face it, it's a "clear it out and start over" scenario) along with the cost of that capital (high risk investment for a venture fund unless the underwriting bottoms out the acquisition and carry cost. Capital is at a higher interest rate than ever in the last 10 years) SU would have to charge almost nothing for the land to get a fish on, and then assume the risk that it all gets handed back to them if the venture fails. What I am seeing in the market right now, I would be surprised if a developer (a GP) can make it work for the money (a LP) to be committed. Given the potential for highway access, I believe private development would look at that property for industrial/warehousing first.
we should create Villages North, Cuse style. Think of the potential...
VT is one of the worst states for retirees. The tax breaks/benefits for retirees matter a lot more than the headline tax rate (having gone through this exercise for my mother recently). NY was a better location for her than VT. NH better than both though have high property taxes because of no state income taxes. Maine also wasn't that bad. Anywhere else in the northeast has drawbacks (besides PA, which is one of the best).
From what I see on the internet, property taxes are almost the same (1.54% vs 1.56%), state sales tax is higher in VT (4% vs 6% - local sales tax in NY can push that to almost 9% where VT caps out at 7%) and income tax is higher in NY (10.9% vs 8.75% at the highest bracket). So from what I see, yes taxes are higher in NY.
I am seeing these types of projects grounded down-state. They can't justify the expense and the demand gets limited by the necessary cost of entry. The state only promises marginal reimbursement, meaning the investment must be made by the developer and then go through the process of hoping the state approves paying some of that back.
My folks went with the same intent and now stay 6 months and a day to claim the advantageous FL tax rates.
I agree, and this is why I could see it having a better chance in a town like Ithaca. Syracuse can get there, but IMO the community would need to be in the Armory, not South Campus.
Property taxes are higher in Vermont. They’re higher in NH as well. Not that it would matter for something like this.
Valid points, all. One way around itis to have SU open up ALL events (sports, music, theater, art shows, everything!) to the seniors in an attractive manner (lower prices, better seating, access to facilities, volunteering options, get-togethers, etc.) and have developers build communities advocating, perhaps including these activities as amenities, as enticement to buy. The communities need not be limited to 55+ or may include sections that are 55+. SU also has to be more open to the community; how, I don't know, I no longer live in the area.
I am with your last paragraph 100%. The warehouse was a great first effort, but the students there (I have architecture colleagues that spent time there during their studies) felt separated and disassociated from the school they were paying tuition for. The downtown area needs more investment from SU and the city needs to endorse/embrace it. That would create a WHOLE different atmosphere and would even put less pressure on M Street to be the student and non-student entertainment/living zone it is too small to be. South Campus cannot accomplish the same thing.
news.bswhealth.com
perkinswill.com
The bolded portion is what TAMU does well. Much more cooperation than territorial dispute between all parties. And as noted above, the developers fit their plans in well with the City and TAMU. BONUS: The City does not lose tax revenue to the University, which is important to Syracuse as a geographically small city. Also, neighboring cities around Syracuse can get in on the act as they are close by.
I imagine weather would be a huge challenge for a SU-themed retirement community in Syracuse, no matter where they put it.
I assume next season since if the hotel is approved the university wants it open in time for the 2027 football season.
Beaufort County has exploded in the last 15 years.
Right next door to Jasper county. Both growing exponentially
