The City of New Rochelle confirmed this evening that the terms of the MOU Extension for the LeCount Square project granted to Cappelli Enterprises by the City Council in June 2010 have not been met. Asked if any documents had been submitted by Cappelli regarding the purchase of the U.S. Post Office building in downtown New Rochelle, City spokesperson Kathy Gilwit answered simply “no”.
A few days earlier, the United States Post Office confirmed to Talk of the Sound that no discussions had taken place regarding the sale of the main New Rochelle Post Office. Workers were recently observed painting the interior of the building.
City Council Member Al Tarantino said he considered the deal dead and noted that there was little support on Council for considering any further extensions. for Capelli Enterprises.
Cappelli Enterprises officials were reportedly away on holiday but their PR firm expected to have a formal statement next week.
Talk of the Sound previously reported on WVOX that Cappelli is in negotiations to sell its remaining stake in the Trump Plaza, the commercial portion of the development which has been without the long-promised retail tenants since the building first opened.
UPDATE: The Journal News quotes Mayor Bramson calling the end of the road for LeCount Square “a disappointment but not a surprising outcome”.
WARNING: We’ve been here before…from August 1, 2010…LeCount Square MOU with Capelli Expires, Ending Sad Chapter in New Rochelle’s Downtown Development Plans
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