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Economy

EIPA shifts some burden

Elizabeth Gregory was in her mid-fifties, blind and disabled. Her disability checks were her only income and she carried all her cash with her to prevent loss or theft. She had closed her checking account after a creditor froze it ...

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Block F’s new lease on life≠

A prime piece of downtown real estate is closer to getting a facelift. The 1.5-acre site at the corner of East Main and Gibbs streets is being touted as very valuable by city officials because of its proximity to Eastman ...

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Brooks and Duffy: Rochester will survive

While the Rochester region has its challenges, it will survive the economic downturn if the public and government work together. That was the message from Monroe County Executive Maggie Brooks and Rochester Mayor Robert J. Duffy on Tuesday. The two ...

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Midtown tower could be saved

City of Rochester officials are culling development ideas for one of Rochester’s landmarks. Mayor Robert J. Duffy announced Thursday that the city has issued a Request for Proposals (RFP) for the potential sale and reuse of the Midtown Plaza Tower ...

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Midtown plans gain momentum

Plans for redeveloping the site of the country’s first indoor shopping mall seem to be picking up steam. A hearing held Tuesday night at City Hall enabled public comment on the project, which will demolish Midtown Plaza and move PAETEC’s ...

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Lending tightens, but most local projects are OK

With nearly $800 million in development planned for downtown Rochester alone, some are cautious about how much will be built — and when. Some developers have told the Rochester Downtown Development Corp. that lenders are chosing to back projects they ...

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AP: There were many warnings

WASHINGTON, D.C. — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the ...

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Fundraiser on for Ren Square theater

Proponents of Renaissance Square say a college campus, bus terminal and performing arts center replacing a boarded-up downtown block would be an economic driver for the Rochester region, bringing in jobs and money and people into the city. That’s also ...

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Officials: Midtown still on

Midtown Plaza’s redevelopment will happen, and PAETEC’s new downtown headquarters will lead the way, city officials and other business advocates pledged Monday as they showed off designs for the nearly nine-acre parcel at a meeting at the Rochester Riverside Convention ...

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’Everything’s on the table'

The so-called bank bailout could be the tip of an iceberg of new government legislation and regulations meant to help the nation’s economy. Some Rochester attorneys are predicting a complete overhaul of the financial regulatory system, although they urge legislators ...

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More Midtown tenants find a new home

After 16 years in Midtown Plaza, Janet Galligan knew her business’ home was in downtown Rochester. When she learned the plaza was closing, however, she had to find a new place to sell her wares. With the help of the ...

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