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Wednesday, February 1, 2006

YONKERS, NY: Media Advisory from Yonkers Mayor's Office

Media Advisory from Yonkers Mayor's Office.

Amicone strikes $3.1 billion development deal for downtown Yonkers

Cappelli Enterprises to join high profile team in ballpark and Hudson waterfront venture

Yonkers, N.Y.—Downtown Yonkers will soon benefit from one of the largest and most comprehensive redevelopment projects in the New York Metro Area, Mayor Phil Amicone is set to announce at a news conference tomorrow. The development agreement between the city and a trio of high profile developers will total more than three billion dollars in projects and encompass properties that stretch from the Hudson River waterfront to the proposed minor league baseball stadium site next to City Hall.

Amicone will announce that Louis Cappelli of Cappelli Enterprises, the driving force behind hugely successful economic development projects in White Plains and New Rochelle, will join Stuever Bros. Eccles & Rouse, Inc. of Baltimore and Fidelco Realty Group of New Jersey for the development partnership.

Event: Major Yonkers Economic Development News Conference

When: Thursday, February 2nd at 10:30 a.m.

Where: Mayor’s Reception Room
Yonkers City Hall
40 South Broadway, Yonkers

Who: Yonkers Mayor Phil Amicone
Louis Cappelli, President, Cappelli Enterprises
Bill Stuever, President & CEO, Struever Bros.
Marc Berson, Chairman & CEO, Fidelco Realty

Why: One of the biggest economic development projects in the New York Metro Area, with more than $3 billion in projects covering dozens of city blocks in downtown Yonkers.

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