Cor wins for escrow funds to be released from Fort Schuyler (now NY Creates).

Always a confusing state of affairs.  NY Creates/ESD/Fort Schuyler.  Supposedly more transparency---sorry---- can't see it.

https://www.mysanantonio.com/business/article/Syracuse-firm-wins-legal-battle-with-SUNY-Poly-15327895.php

NY Creates Meeting, Feb 13, 2020

NY Creates Meeting Feb 13, 2020

https://www.youtube.com/watch?v=yOIzbyddhts

Approximate $315 million to be refinanced with Goldman-Sachs using a Conduit Bond Issuer (Transportation Development Corporation)


Transportation Development Corporation
Last meeting 9/16/2019?     https://www.youtube.com/watch?v=LZN6EHM71xo&feature=youtu.be

First action:  Treasurer position is vacant.  Nominated Douglas Bresette who is treasurer of ESD.

No mention of acting as a conduit bond issuer for NY Creates.

SUNY RF NFX 2018 2019

NY Creates Board of Directors

A familiar name as chair. 

NY Creates Established

REF: https://esd.ny.gov/esd-media-center/press-releases/esd-suny-announce-establishment-nycreates

From 2018 FRMC Annual Audit Report

Taken from 2018 FRMC Annual Audit Report.  $336,899,665 bond payment due in 2019?  $297.7 million extended until May 2013?

Ref:  https://static1.squarespace.com/static/5602b341e4b0d1b0b3ffa84b/t/5cd07f6515fcc08b1a853ee9/1557167973117/Fuller+Road+Management+Corporation+Audit+Report+2018.pdf

Above from 2015 FRMC Annual Audit Report.  Huge payment due in 2019 for $255million

Ref: https://static1.squarespace.com/static/5602b341e4b0d1b0b3ffa84b/t/5c759b278165f58a82b154c9/1551211304488/FRMC+Audit+Report+6-30-15+Final.pdf 

Fallout: Rochester Kodak Building Sold

Fuller Road Mgmnt Company sells building (Canal Ponds) for $1.5 million.  It was purchased for $2.6 million in 2013. 

Ref:  https://www.democratandchronicle.com/story/news/politics/albany/2019/11/12/suny-poly-sells-former-kodak-facility-after-failed-promises/2576102001/