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Operation Oswego County honors Oswego contractor for downtown revitalization efforts
OSWEGO — Operation Oswego County (OOC) announced that it recently honored Anthony M. Pauldine with the 2019 Dee Heckethorn Entrepreneur Award in recognition of “exceptional entrepreneurial spirit, creativity, and dedication to revitalizing the City of Oswego’s downtown.” Pauldine restored the 191-year-old former fish market that is on the National Register of Historic Places, Cahill Landing, […]
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OSWEGO — Operation Oswego County (OOC) announced that it recently honored Anthony M. Pauldine with the 2019 Dee Heckethorn Entrepreneur Award in recognition of “exceptional entrepreneurial spirit, creativity, and dedication to revitalizing the City of Oswego’s downtown.”
Pauldine restored the 191-year-old former fish market that is on the National Register of Historic Places, Cahill Landing, into seven upscale apartments. It was recognized by the Preservation League of New York State with a 2019 Excellence in Historic Preservation Award, the OOC said in a news release.
He also transformed the former YMCA building into a mixed-use development with 10 loft apartments and 5,500 square feet of commercial space, restored the historic Buckhout-Jones building that is now home to the Children’s Museum of Oswego, and developed the Canal Commons that offers shopping in the heart of downtown Oswego with over a dozen shops and The Lofts at Canal Commons that features 11 luxury apartments.
Pauldine has operated a general contracting business, Anthony M. Pauldine General Contractor, Inc., for more than 30 years. The business is located at 190 5th Ave. in Oswego.

The Westwood’s developers bank on downtown Utica’s revival
UTICA — With a love of rehabbing old buildings combined with nostalgia of downtown Utica remembered from childhood, a two-woman team tackled the renovation and restoration of a six-story Genesee Street building. Now the duo hopes the proposed downtown MVHS hospital combined with other business growth will help further the revitalization of the downtown area
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UTICA — With a love of rehabbing old buildings combined with nostalgia of downtown Utica remembered from childhood, a two-woman team tackled the renovation and restoration of a six-story Genesee Street building.
Now the duo hopes the proposed downtown MVHS hospital combined with other business growth will help further the revitalization of the downtown area and help make their building a success.
Christine Martin and Enessa Carbone partnered to purchase the abandoned and boarded-up building from the city of Utica’s Urban Renewal Agency for $20,000 in March 2016 with a plan to renovate a few of the floors, create some apartments, and maybe add some retail space. Ultimately, the project, which started with demolition during the winter of 2016-2017 and construction in April 2017, morphed into The Westwood at 167 Genesee St. (www.thewestwoodutica.com).
The Westwood, named after Westwood Lane in New Hartford where both women live, features retail space on the first floor with current tenants Jimmy John’s Gourmet Sandwiches and Street Corner Urban Market. The 2nd through 5th floors contain 22 apartments, a laundry room, a fitness center, and a lounge for tenant use. The building offers tenant storage in the basement and work is underway to create a storage facility that others can lease space from, Martin says.
The apartments range from efficiencies that rent for $850 a month to a two-story loft that rents for $2,100 a month. The average rent is about $1,400, says Martin, and that includes utilities except electric. The women designed the project themselves and worked with Alesia & Crewell Architects, P.C. of New Hartford on mechanical and code issues.
The renovations, which included replacing electrical and plumbing, cost about $5.5 million, minus grants. The women received a $400,000 Empire State Development grant, a $200,000 National Grid brownfield grant, and a $22,500 façade improvement grant from the city of Utica.
Carbone financed the project with help from a line of credit from Adirondack Bank to bridge the gap until the grant money arrived.

The two women are already successful in their fields. Martin is president of FosterMartin Interactive Marketing in Utica. Carbone is VP at Carbone Auto Group, owned by Lithia Motors Inc. She also serves on Carbone’s legal and acquisitions team. So, why did they decide to take on the rehabilitation of a six-story abandoned building in the heart of downtown Utica?
“There are no reasonable housing options,” Carbone says. Apartments in the Landmarc building or the former Doyle’s Hardware building have higher rents and are a little more of a reach for young professionals starting out.
Attending a block party a few years ago helped spark Carbone’s interest in the project. “It was a really fun day and it reminded me of what Utica used to be when I was growing up,” she says.
Both women wanted their children to stay in the area and say housing options are a crucial component of attracting young residents to urban areas. Both of their sons, in fact, are tenants at the Westwood.
Martin had rehabbed buildings before, including the building next door at 171 Genesee St. “I started buying distressed properties, rehabbing and renting,” she says. She partnered with C. Edward Schmidt on that project, which opened in 2018. Tenants include Character Coffee and Christine’s Cookie Shoppe on the first floor and 171 Events on the 2nd through 5th floors.
“I had a really great experience with that,” Martin says of that project. It made her eager to take on another project.
The Westwood’s first tenants moved in on Jan. 1 of this year. Tenants rented all but three of the pet-friendly units within a month. Only one unit remained available as of press time.
Carbone’s husband Sal Raspante operates the Jimmy John’s franchise restaurant. He also owns a Jimmy John’s in New Hartford. Carbone runs the Street Corner Urban Market, which has a selection of grocery products that include local products.
Carbone says having a grocery store in the building is a vital service not only to the tenants of the building, but also to the downtown area. While she was willing to take on the project, she wasn’t as willing to tackle learning the grocery business from scratch. Instead, she became a Street Corner franchisee. Including the initial $24,900 franchise fee, the total build-out for the store cost about $500,000 Carbone says. Street Corner, which has corporate offices in Poughkeepsie as well as Topeka, Kansas, charges a 4.95 percent royalty fee.
Downtown developments
Happenings such as the Resource Center for Independent Living’s recent move into the old Boston Store location in downtown are a good start, Carbone says. The downtown hospital project coming to fruition and progress on the city’s downtown revitalization initiative will be the keys to their success at The Westwood, the women say.
“Downtown needs to continue to aggressively move forward, “Carbone says. The building can stay afloat a year or two without any further downtown development, she says, but ultimately it needs downtown revitalization to survive.
“We need the hospital to bring jobs downtown,” Martin says. “We need more people living here to support the businesses.”
If the project is profitable, both women say they’d be willing to take on more rehabilitation projects. They are proud when they look at The Westwood, knowing that just three years ago that block of Genesee Street had Freeman & Foote Jewelers on one corner, Adirondack Bank on the other corner, and a bunch of vacant buildings in between.
“We’ve made a big difference in a short period of time,” Carbone contends.

Crew building 3-tenant shopping center in Salina
SALINA — The construction crew continues its work on a new 12,700-square-foot, three-tenant shopping center at 111-117 Elwood Davis Road in the town of Salina. The work continues on a property situated next to Burger King between Elwood Davis Road and 7th North Street. “Dollar Tree is going to be the main tenant,” says Carmen
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SALINA — The construction crew continues its work on a new 12,700-square-foot, three-tenant shopping center at 111-117 Elwood Davis Road in the town of Salina.
The work continues on a property situated next to Burger King between Elwood Davis Road and 7th North Street.
“Dollar Tree is going to be the main tenant,” says Carmen Emmi, Jr., a partner at Emmi Commerce Park Development Co. “They’re taking up the majority of the space.” He spoke with CNYBJ on Aug. 6.
Dollar Tree will lease the space. Other potential tenants have indicated “a lot of interest” in the remaining space, Emmi adds. He says he cannot discuss any of the other potential tenants.
Emmi declines to disclose the project cost, citing ongoing negotiations with additional tenants.
The construction started back in May. The construction crew had to deal with many rainy days. “That put us behind almost three weeks on the project. We’re trying to make up that time now,” he notes.
The crew hopes to hand the building over to the retailer in mid-September. Chesapeake, Virginia–based Dollar Tree (NASDAQ: DLTR) will handle its own internal space preparation, Emmi adds.
“They came to us about a year-and-a-half ago,” says Emmi. “It took four or five months to negotiate through the lease.”
The construction crew still needs to finish the structure’s exterior, install some lighting, and pave the parking lot before Dollar Tree begins its internal work.
Lena DT, LLC, a sister company to Emmi Commerce Park Development Co., is the entity that owns the building. JW Construction Services Inc. of Syracuse is handling the construction work. Mussachio Architects of the Buffalo suburb of Williamsville designed the building.

Anchor QEA takes more space at Thruway Office Building
SALINA — Anchor QEA, LLC, an environmental and engineering-consulting firm, has recently enlarged its space at the Thruway Office Building in the town of Salina. Anchor QEA renewed and expanded its lease at the building at 290 Elwood Davis Road (just off 7th North Street) — now taking 18,167 square feet of professional space on
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SALINA — Anchor QEA, LLC, an environmental and engineering-consulting firm, has recently enlarged its space at the Thruway Office Building in the town of Salina.
Anchor QEA renewed and expanded its lease at the building at 290 Elwood Davis Road (just off 7th North Street) — now taking 18,167 square feet of professional space on a long-term basis, according to a news release from Cushman & Wakefield/Pyramid Brokerage Company.
John L. Clark and Cory LaDuke of Cushman & Wakefield/Pyramid Brokerage
represented Anchor QEA and negotiated the new lease on its behalf.
The release didn’t disclose the square footage of Anchor QEA’s prior space at the Thruway Office Building. In February 2010, Anchor expanded into an 11,000-square-foot space in the building, more than double the size of its prior office space in that structure, according to a June 2010 CNYBJ story.
Anchor QEA says it provides a full range of science and engineering services for public agencies and private industry. Its services include engineering, environmental sciences, and planning & restoration, according to its website. Its projects have included work to aid environmental-cleanup efforts at Onondaga Lake and the Seneca River in the Central New York area, as well as the Hudson River in the Capital region.
Anchor QEA is headquartered in Seattle, Washington and has 26 offices across the country. In New York state, it has an office in Saratoga Springs in addition to the Salina location. The firm employs more than 360 people nationally, per its LinkedIn profile.

Regal remodel plan targets theatres at Destiny USA, other New York venues
SYRACUSE — The company that operates the movie theatres at Destiny USA has announced plans to remodel the venues. Regal on July 22 said the project is part of a $20 million effort at Pyramid’s three properties in New York state. A more specific cost breakdown for the Destiny USA project wasn’t available, Nikita Jankowski,
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SYRACUSE — The company that operates the movie theatres at Destiny USA has announced plans to remodel the venues.
Regal on July 22 said the project is part of a $20 million effort at Pyramid’s three properties in New York state.
A more specific cost breakdown for the Destiny USA project wasn’t available, Nikita Jankowski, director of market at Destiny USA, told CNYBJ in an email message.
Besides Destiny USA, Syracuse–based Pyramid Management Group also operates the Walden Galleria near Buffalo and Crossgates in Albany, which are also scheduled for theatre remodels.
The Destiny USA work is part of a “significant, multi-center investment” to renovate multiple theatres across the Pyramid portfolio, Destiny USA said in a news release.
The more than $20 million in projects in the Pyramid theatres are part of Regal’s strategy to commit $1 billion over five years to build new cinemas and renovate existing ones, per the release.
The renovations include new seating, including a VIP section with luxury recliners at select locations; cafés with food and expanded drink offerings; and 4DX and ScreenX technology to “deliver an immersive cinema experience.”
Regal — a subsidiary of the London, England–based Cineworld Group — operates “one of the largest and most geographically diverse” theatre circuits in the U.S., which includes 7,210 screens in 550 theatres in 43 states along with American Samoa, the District of Columbia, Guam, and Saipan as of Feb. 28, per its website.

DEC wraps up $450,000 in upgrades to Mud Lock boat launch site
AURELIUS — The New York State Department of Environmental Conservation (DEC) recently announced the completion of $450,000 in upgrades to the Mud Lock boat launch located at the north end of Cayuga Lake in the town of Aurelius in Cayuga County. Funding for the project came from Gov. Andrew M. Cuomo’s Adventure NY initiative to
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AURELIUS — The New York State Department of Environmental Conservation (DEC) recently announced the completion of $450,000 in upgrades to the Mud Lock boat launch located at the north end of Cayuga Lake in the town of Aurelius in Cayuga County.
Funding for the project came from Gov. Andrew M. Cuomo’s Adventure NY initiative to “connect more New Yorkers with nature,” according to a DEC news release.
The site upgrades will reduce congestion and improve the safety of boaters using the site to launch and retrieve boats, the department contends. Enhancements include:
• Construction of a new concrete launch ramp and floating boarding docks to allow launching under lower lake levels;
• Redesign and paving of the launch access and boat preparation area to seek to make launching safer and more efficient; and
• Paving and striping of the parking lot to accommodate 21 vehicles with trailers and seven single vehicles, including accessible parking.
“The north end of Cayuga Lake offers a diverse array of scenery, wildlife, and fish for outdoor enthusiasts to explore, observe, and pursue,” DEC Region 7 Director Matthew Marko said in the release. “The recent improvements to Mud Lock will provide a safer and more convenient launching experience for all visitors.”
Cayuga Lake is the second largest of the 11 Finger Lakes and offers an abundance of largemouth bass, chain pickerel, northern pike, crappie, yellow perch, sunfish, gar, and bowfin, per the DEC.
The launch will remain open late into the season for use by waterfowl hunters. The DEC operates the launch in conjunction with the Town of Aurelius and New York State Canal Corporation. It is located off Route 90 on River Road — three miles north of the village of Cayuga, and near the Montezuma National Wildlife Refuge.
The Adventure NY initiative is supporting 75 projects over three years with “many more to come, ranging from improvements to youth camps and environmental education centers to new boat launches, duck blinds, and hiking trails,” the DEC said.

OCRRA appoints Bianchetti to board of directors
The Onondaga County Resource Recovery Agency (OCRRA) recently announced the appointment of Alberto Bianchetti of Baldwinsville to its board of directors. Bianchetti has more than 28 years of experience in the utility sector. He currently is the CNY regional director of customer and community management at National Grid. He also serves on the board of directors
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The Onondaga County Resource Recovery Agency (OCRRA) recently announced the appointment of Alberto Bianchetti of Baldwinsville to its board of directors.
Bianchetti has more than 28 years of experience in the utility sector. He currently is the CNY regional director of customer and community management at National Grid.
He also serves on the board of directors of the Downtown Committee of Syracuse and the Manufacturers Association of Central New York.
OCRRA is a not-for-profit public benefit corporation created by the New York State Legislature in 1990 to deliver a solid-waste management and resource-recovery system to Onondaga County residents.
Business Property Owners: Are You Making the Tax Law Work for You?
Various tax law changes have drastically altered tax deductions in favor of property owners in recent years. In 2013, the final tangible property regulations were released, and in late 2017, the Tax Cuts and Jobs Act was passed, which added the qualified business income deduction (Section 199A). The deprecation deduction has become extremely favorable for the
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Various tax law changes have drastically altered tax deductions in favor of property owners in recent years. In 2013, the final tangible property regulations were released, and in late 2017, the Tax Cuts and Jobs Act was passed, which added the qualified business income deduction (Section 199A). The deprecation deduction has become extremely favorable for the taxpayer, and property owners can now more easily reduce their taxable income through increased deductions.
The tangible property regulations determine capitalization and expensing of property. A good place to start in navigating these regulations is to determine whether the expenditure is a betterment, restoration, or adaptation. For example, a betterment or restoration would be something like a comprehensive remodeling or correcting a pre-existing defect. Things like this result in capitalization of the expenditure. If the expenditure does not fit this definition, then you’ll need to determine if it should be expensed under de minimis, or the small business safe-harbor election.
• De minimis allows the expensing of items under $2,500 (or under $5,000 if you have applicable financial statements) that would otherwise be capitalized. To make the election, you simply include a statement with the tax return citing the de minimis safe-harbor election.
• The small taxpayers safe-harbor election allows the write off of repairs, maintenance, and improvements if the average annual gross receipts from the preceding three years is $10 million or less, or if property units have an adjusted basis of $1 million or less. To make this election, you also must attach a statement citing the safe-harbor election for small taxpayers.
Regarding depreciation, tangible property placed in service after Sept. 27, 2017 is eligible for 100 percent depreciation if it has a useful life of 20 years or less. So, full expensing of qualified items results in large amounts of deductions for certain taxpayers.
Furthermore, Section 199A, which was enacted by the Tax Cuts and Jobs Act of 2017 and is also known as the qualified business income deduction, can only be utilized if certain requirements are met by landlords. The most important requirement is that the entity needs to qualify as a trade or business. To qualify, the real estate must be owned directly (or through a disregarded entity). Additionally, there must be separate books maintained for each rental enterprise, at least 250 hours of active rental services provided, and thorough records to prove without any doubt that the services have been rendered. If qualified, one could receive a deduction of up to 20 percent of the qualified business income. It should be noted that there are restrictions to this deduction based on various qualifications, which should be adequately evaluated prior to using.
Bottom line: are you taking advantage of the opportunities that the tax law is now providing? There are many available public resources, including the IRS website (https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs) that can provide helpful information. Be sure to review these often and consult with a certified financial-services professional to be sure you are making the laws work for you.
Cheryl A. Prout is a partner and a member of the real estate industry team at The Bonadio Group accounting firm. Contact her at cprout@bonadio.com. Connor Galvin is a member of Bonadio’s small business advisory team. He can be reached at cgalvin@bonadio.com

Brown & Brown Insurance to pay dividend of 8 cents in mid-August
Brown & Brown, Inc. (NYSE:BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 8 cents a share. The dividend is payable on Aug. 14 to shareholders of record on Aug. 7, the insurance agency said in a news
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Brown & Brown, Inc. (NYSE:BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 8 cents a share.
The dividend is payable on Aug. 14 to shareholders of record on Aug. 7, the insurance agency said in a news release.
Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. The firm, which makes a lot of acquisitions of insurance agencies, generated revenue of $1.19 billion in the first six months of 2019, up almost 23 percent from the same period of 2018.
Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.
Campaigning for president until the end of time
If there is one thing we’re good at in this country, it is expanding things. From our waistlines and hamburgers to the NBA season, we know how to make things bigger and longer. Please note I do not imply necessarily better. The Baseball Hall of Fame serves up a good example. In 1980, I went
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If there is one thing we’re good at in this country, it is expanding things. From our waistlines and hamburgers to the NBA season, we know how to make things bigger and longer. Please note I do not imply necessarily better.
The Baseball Hall of Fame serves up a good example. In 1980, I went to its big induction ceremony in nearby Cooperstown — when they welcomed Detroit Tigers star Al Kaline into the Hall, as well as Brooklyn/LA Dodgers slugger Duke Snider.
They held it on a side lawn of the Hall of Fame. There were maybe 300 of us. You could shake hands with any baseball star you wanted to meet. There was one star for every 10 fans.
This year, more than 50,000 fans came to town for the induction ceremony.
Another example of American inflation is our presidential campaigns. Why, one of the Democrat candidates for 2020 opened his campaign three years and three months before the election. I expect that before long some idiot will take aim at that record.
Now why is it the Japanese can do the job in 12 days? It’s true, their presidential campaign runs just a dozen days.
Imagine a 12-day campaign for the White House. That is hardly enough time to flip-flop on any issues.
We used to say the candidates were in a horse race for the White House. Hell, horses can’t race that long. They can’t walk that long. How about a tortoise race? That is more accurate.
If you want to blame somebody for the start of all this, zero in on Jimmy Carter. He can handle it; he is that used to being blamed for things. He was the first candidate who turned campaigning into an occupation.
Carter announced he was running for president nearly two years before the 1976 election. He announced, and then virtually moved to Iowa. To sign up and build support for its early, early caucus. Iowa Democrats were still sweeping up from the last election. He arrived before they even knew they were going to have a caucus. Carter set up his campaign so early, that by the time the caucus came a lot of Iowans figured he was a favorite son.
Poor Jimmy. Even with a head start on the head starters he came in second to “uncommitted.” I bet some future candidate is out there now trying to change his name to James Uncommitted. Or to Sally None-of-the-Above.
Here is something to consider. Imagine telling your boss you are taking up a hobby. You want to keep your job and all its perks — while you spend a bit of time on your hobby. The hobby is running for the presidency. “I’ll only be tied up three years,” you assure your boss.
She wonders if you will be fully committed to your work during the campaign. “No problem,” you tell her.
This is what most of these candidates tell us. They are governors, U.S. senators, House members, and mayors. They tell us these jobs are absolutely and utterly essential, and nobody can handle them as well as they do. That’s why we are supposed to be grateful we elected them, so they say.
Then they take up this hobby of running for the White House — two or three years out. They spend 90 hours a week running for the presidency and all that involves. You name it: begging for bucks, speechifying across the fruited plain, prepping for debates, traveling, doing media interviews, and then more traveling.
And we are supposed to believe they are also working full time at their elected offices. Is it any wonder we don’t trust or believe politicians?
Try shenanigans like that with your boss. Let me know how you get on.
I suspect the real reason our campaigns are so long is that so many people make so much money from them. Gravy trains grow longer because people like gravy. The media gets to sell political ads for years. Thousands of people do nothing more in their lives than run campaigns. There is probably a degree program somewhere. What do you figure — a B.S. in B.S.?
From Tom…as in Morgan.
Tom Morgan writes about political, financial, and other subjects from his home in upstate New York. Contact him at tomasinmorgan@yahoo.com, read more of his writing at tomasinmorgan.com, or find him on Facebook.
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