ACCORD REACHED ON CANON’s NEW SITE

  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • 2toner1-2
  • 4toner4
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • Print
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 161213_banner_futorag_902x177px
  • futor_902x177v7-tonernew
  • banner-01-26-17b
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
Share

ACCORD REACHED ON CANON’s NEW SITE

 user 2006-12-18 at 2:48:00 pm Views: 62
  • #17039

    Accord reached on Canon site
    Hands
    have been shaken and the way is clear for Canon USA to build a new,
    Western Hemisphere headquarters at the “pumpkin farm” in Melville after
    two developers ironed out their differences in a mediation session in
    Hauppauge Wednesday evening.”We struck a deal,” said an elated County
    Executive Steve Levy, who hosted the session at his offices. “It’s a
    major coup for Long Island.”Just what that deal entails probably won’t
    be known until closing papers are filed months from now. Levy said he
    was sworn to secrecy about details of the verbal settlement reached in
    “gentlemanly” discussions under the guidance of retired judge Milton
    Mollen.Tilles Investment Co. last month sued Holiday Organization,
    which had contracted to buy the land from Roger Tilles a year ago for
    about $70 million for residential development, but then reversed course
    to flip the property to Canon for a reported $102 million. Tilles said
    the land was his, not Holiday’s, to sell.Levy said the developers and
    their advisers and partners were gathered in a large conference room
    and asked not to leave until everyone met to discuss the status of
    talks. Then Mollen segregated them and spoke to them one at a time, to
    get their position and solicit settlement offers. Six or seven hours
    later, after about three offers and counteroffers, “we nailed it,” Levy
    said. “We’re just ecstatic that we were able to lock them in a room and
    have better judgment prevail,” he said.Canon’s new headquarters will be
    important not only for the 1,080 jobs it is keeping on Long Island
    after it moves from Lake Success, but for 1,000 more positions the
    imaging giant plans to bring. Many of those will be in research and
    development, officials say, the kind that can kick-start all kinds of
    benefits to communities in the region.”It’s one thing to get an
    infusion of minimum-wage jobs, but this is the real deal — these are
    jobs upon which you base careers,” Levy said. “That’s just fantastic
    for the local economy.”The prospect that the pumpkin farm dispute could
    torpedo the region’s biggest economic development project in years had
    sent panic through the ranks of government officials. But the spoiler
    role was also unappetizing for Tilles, 60, and Holiday chief executive
    Gerald Monter, 85, men who would rather be known for their local
    philanthropy these days. Tilles is a member of the state Board of
    Regents and the governor-elect’s transition team; Monter’s family
    foundation gave $10 million for the new Monter Cancer Center that
    opened this year as part of the North Shore-Long Island Jewish Health
    System in Lake Success.So, if details were few Thursday, the relief was
    palpable. “Everyone feels it was a successful outcome,” Tilles said
    Thursday, crediting the county for its management of the meeting.”The
    county was great,” agreed Howard Stein, an attorney for Monter. “Steve
    Levy and [Deputy County Executive] Kevin Law were really instrumental
    in getting this thing resolved.”Canon, which has endured repeated
    frustration of its past efforts to build a new headquarters, continues
    to be cautious in its public statements about its plans. There is,
    after all, plenty of due-diligence work to be completed before an
    actual closing next year.”Canon is happy that the county executive and
    town officials have demonstrated leadership and their commitment to the
    shared vision of a Canon North and South American headquarters located
    on Long Island,” said Bruce Blakeman, the broker on the deal.