SILVER CREEK APARTMENTS LLC

CCIDA and CCPEG-Related Projects Exceed $300 million in InvestmentsJAMESTOWN, NY -- At its February 25, 2025 meeting, the County of Chautauqua Industrial Development Agency (CCIDA) Board of Directors reviewed the Choose CHQ 2024 Annual Report, highlighting accomplishments for the past year. The report not only provided year-in-review details for the CCIDA, but also the 2024 accomplishments of the Chautauqua County Partnership for Economic Growth (CCPEG), an initiative under the CCIDA’s component agency, the Chautauqua Region Economic Development Corporation (CREDC). READ/DOWNLOAD THE FULL REPORT During the meeting, Mark Geise, Deputy County Executive for Economic Development, CCIDA CEO, and CCPEG Co-Chair, shared the CCIDA’s Top 10 Accomplishments for the year, along with its top 10 goals for 2025. Geise noted that the CCIDA was involved in 18 separate development project that will provide, if fully realized, an investment of over $311 million in the County. These projects would also result in the retention of 771 jobs, the creation of 166 new permanent jobs, and also provide 561 construction jobs. Projects that involve PILOTs (payments in lieu of taxes) will result in $4.9 million in new revenue for taxing jurisdictions over the terms of the PILOTs, which wouldn’t have been realized had these projects not moved forward. Some of the key 2024 accomplishments include: Wells Ice Cream Phase III Expansion ($175 million) (pictured); Southern Tier Environments for Living Gateway Lofts project ($67 million); Silver Creek Apartments LLC project ($20.2 million); Dahlstrom Rollform’s purchase by local ownership ($9 million); and the opening of Wicked Warren’s ($2.3 million). In total, the CCIDA board approved 12 loans to local business totaling $4.5 million. CCIDA also continued its focus on creating a $16+ million Shovel-Ready Industrial Site in Ripley and the development of a Talent Attraction/Retention Campaign, which launched as “Live CHQ” in April of this year. CCIDA and its affiliate agencies, including CCPEG, were also rebranded through the launch of the “Choose CHQ” brand and website. Another key accomplishment for CREDC was securing more than $1.5 million in funding from the Ralph C. Wilson, Jr. Foundation to extend and enhance the impact CCPEG has had on the county. The annual report also included the Top 10 economic development goals for the involved agencies. These aspirations included aggressive proactive business retention and expansion; completing the shovel-ready sites in both Ripley and Ellicott; reactivating properties of community importance, including the Furniture Mart Building in Jamestown, the former Silver Creek High School, Lakeshore Hospital in Irving, the mothballed NRG Plant in Dunkirk, and the former Truck-Lite plant in Ellicott; assisting both ImmunityBio (Dunkirk) and Electrovaya (Ellicott) to ramp up operations; and continuing to focus on implementing recommendations from the County’s Economic Development Strategy through CREDC and CCPEG. “Through all of the uncertainty posed by a dynamic political and economic climate, the CCIDA team has once again delivered on its mission of attracting new businesses while promoting the retention and expansion of existing businesses,” Geise said. “While we no doubt see ebbs and flows in our organization and in our local, regional, state, and federal economies, the CCIDA and Chautauqua continue to evolve toward a better future.” In addition to the CCIDA and CREDC accomplishments and goals, the 2024 Annual Report also provided an update on various projects and activities involving CCPEG. According to Nathan Aldrich, County Economic Development Coordinator and CCPEG Manager, over $2.4 million in grant funding was secured by CCPEG to assist with its effort to advance 35 different projects focusing on economic development and placemaking initiatives across the county. These projects included the completion and launch of the Live CHQ Talent Attraction and Retention initiative (pictured); the completion of a county-wide Housing Market Assessment and Development Strategy; the launch of CHQTrails.org, the Chautauqua County Interactive Trails Map; continued upgrades and remediation to the Chautauqua County Overland Trails; and the successful launch of the Chautauqua County Grape & Grain Trail marketing initiative. CCPEG also provided nearly $250,000 in funding to 14 different partner-led economic development projects located across the county – which helped to leverage an additional $1.6 million from other sources to ensure those projects could move forward. Those projects included: the Hartley Park Waterfront Revitalization & Improvement Project in Lakewood; Theater Seats & Auditorium Improvements at the Reg Lenna Center for the Arts and the Key Market Growth Project for the National Comedy Center, both in Jamestown; the Advanced Manufacturing Program at Dream It, Do It Western New York; and a Strategic Growth Master Plan in Bemus Point. “CCPEG has lived up to its mission of serving as the catalyst and broker of resources for advancing economic development and placemaking efforts across the county,” Aldrich said. “It was gratifying to see so many of our projects cross the finish line in 2024, but thanks to renewed support from the Wilson Foundation and other funders, our work is only getting started.” “I am really proud of the work we are doing in assisting our partners, including municipalities, in undertaking transformative and meaningful projects,” Geise added. “Between the work we do at the CCIDA and through CCPEG, we have an extremely dynamic and gifted team. This has been illustrated through all the work we did in 2024, and we look forward to keeping the momentum going to help strengthen the economy in Chautauqua County in 2025 and in the years to come.” The complete Choose CHQ 2024 Annual Report, featuring information for both the CCIDA and CCPEG, is available on the Annual Report page at ChooseCHQ.com. About CCIDA - The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, and visit. It facilitates development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the form of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention by our businesses. For more information visit ChooseCHQ.com. About CCPEG - The Chautauqua County Partnership for Economic Growth (CCPEG) serves as the main convener of economic development partners and resources to advance key projects that achieve economic prosperity in Chautauqua County. It also serves as the catalyst and broker of resources for advancing economic prosperity efforts and is the central coordinating entity for the formation, retention, development, and attraction of quality jobs and advancements to the quality of life. It is an initiative of the Chautauqua Region Economic Development Corporation (CREDC). For more information, please visit CHQPartnership.org.

Silver Creek Apartments Project will Remove Derelict School Building, Construct New Housing UnitsSILVER CREEK, NY: — At its February 27, 2024 meeting, the County of Chautauqua Industrial Development Agency (CCIDA) Board of Directors approved incentives to Silver Creek Apartments, LLC. The incentives, which include a Payment In Lieu of Taxes (PILOT) agreement along with exemptions for both sales and mortgage tax payments, will assist the company with a multi-million dollar project to remove and redevelop the abandoned, former Silver Creek High School building at 60 Main St. in the village of Silver Creek and Town of Hanover. The building has sat vacant for more than 40 years and while several attempts to renovate it have been made during that time, those efforts were unsuccessful. In October 2023, representatives from Southern Tier Environments for Living, Inc. (STEL) and Park Grove Development, LLC appeared before the CCIDA board to provide initial details of the new Silver Creek Apartments project. Under those plans, the developers would demolish the long-abandoned, three-story school building (57,070 square feet) and replace it with a three-story, 50,574 square-foot apartment building. “The abandoned school really does send the wrong impression of what Silver Creek is,” said Allen Handelman, Vice President of Park Grove Development. “So this project goes a long way towards both providing affordable housing for members of the community, but also sending a message for the people that live in Silver Creek and people that visit there that this is a growing community that is poised to reach its full potential.” The demolition would include long-needed environmental remediation, including the removal and disposal of hazards including asbestos, PCBs, and lead paint. Once constructed, the new apartment building would provide 54 safe and affordable apartments for seniors age 62 and up, with 15 units set aside for supportive housing. Of those units, 51 would be one-bedroom apartments, and three would be two-bedroom apartments. Within the building there would also be a community room, fitness room, laundry facilities and an onsite property management office.  The facility would also include a large parking lot for up to 70 vehicles, along with a patio and shed. The project would provide 180 construction jobs and, once complete, 4.75 full-time equivalent jobs. The total cost would be $20,155,262, with the project also receiving $1 million in assistance from the village’s Restore NY award. Developers have also applied for additional financial support from New York State Homes and Community Renewal (HCR) in the form of housing credits and are awaiting notification on whether or not they will receive those credits. “We are applying for funding from HCR and it’s a very competitive process. When it comes to scoring projects, the benefits that the IDA has the ability to provide will keep our development budget competitive and viable, when compared to other projects coming in from across the state. So a competitive PILOT from CCIDA is critical in terms of scoring and increasing our chances of receiving additional state funding,” said Ashley Switzer, STEL Project Manager. In December 2023, the CCIDA held a public hearing on the project and its related financial assistance, with Silver Creek Mayor Jeff Hornburg speaking in favor of the project. A letter of support was also provided by Louis Pelletter, Silver Creek Village Historian and newly elected Hanover Supervisor. No opposition to the project was expressed. “As we all know, the old Silver Creek High School has been abandoned and vacant for many decades. There have been several attempts over the years to renovate and preserve the building – including as recently as 2022, but it never worked out,” said Mark Geise, Deputy County Executive for Economic Development and Chief Executive Officer of the CCIDA. “Now we’re looking at a project that involves the demolition of the old school building, and developing a brand new facility. I couldn’t be more thrilled about it. If we can make this work it will fulfill a need in the community, while removing an unsightly and dangerous influence in the community.” “The village is excited to see another effort involving the former school building moving forward,” said Mayor Hornburg. “Due to the limited availability of housing units in our community, many of our local seniors have had to leave the area in order to find adequate housing and services. This project will not only help to remove an eye-sore in the heart of our village but also finally offer additional modern housing for our older population.” “We are very happy to see STEL and Park Grove Development come back to the table with this new plan. That building has sat vacant for many years, in spite of efforts to do something with it. We never gave up hope on that site and now new development is looking more and more like a reality,” said Paul “PJ” Wendel, Chautauqua County Executive. “This is an effort I’ve championed for more than a decade. Even as previous efforts fell through, I never gave up on the potential of this project and have remained engaged in the efforts to bring it to fruition,” said State Senator George Borrello, who previously served as Chautauqua County Executive and also as a representative of Silver Creek and Hanover in the Chautauqua County Legislature. “The affordable senior housing that is planned represents the culmination of a long-held vision and is a huge ‘win’ for our seniors, the Silver Creek community and Chautauqua County. My thanks go out to all the public and private sector partners who played a role in this great outcome.” The CCIDA-approved PILOT agreement is for 30 years and will result in payments to the Village of Silver Creek, Town of Hanover, Silver Creek Central School District, and Chautauqua County totaling $347,486. Silver Creek Apartments will also save up to $497,261 in sales tax and an additional $191,574 in mortgage recording tax. Construction on the project is expected to begin later in 2024. About CCIDA – The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, and visit. They facilitate development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the form of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention by our businesses.  For more information visit ChooseCHQ.com.