Legislators OK funding arm, master developer for $2.8B Midway Crossing project
Imran Ansari
Saturday, September 10, 2022
The Suffolk County Legislature threw its support on Wednesday behind the formation of a local development corporation to help fund construction of the $2.8 billion Midway Crossing development in Ronkonkoma.
Officials said the LDC, a joint venture between the county and Islip Town, will help raise money for the massive project by issuing tax-exempt bonds and applying for state and federal grants.
The legislature voted 14-1 to approve separate measures forming the corporation and formally naming Chicago real estate giant JLL, or Jones Lang LaSalle, as the project’s master developer. Continue reading...