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Local News

June 23, 2014

IDA picks Pony Farm site for development

The Otsego County Industrial Development Agency has picked parcels in the Pony Farm Industrial Park in Oneonta to transform into “shovel-ready” property for economic development.

The four IDA-owned parcels total about 35 acres and wrap around three sides of property where Apple Converting is located, officials said. The parcels were chosen because of the availability of sewer and water hookups, as well as transportation and other infrastructure resources that can enhance the path toward breaking ground on construction, officials said.

The Pony Farm Industrial Park in the town of Oneonta is off state Route 205 near exit 13 of Interstate 88. The park includes other businesses, including Time Warner Cable, B&K Coffee and Silver Dollar Optical.

Supervisor Robert Wood said the IDA’s selection generates some excitement about the possibility of new businesses coming to Oneonta. 

The choice of parcels in the industrial park was a good one and idea the town supports, he said.

“I’m really glad that they’ve identified a site and the process is underway,” Wood said Friday. “It’s something we’re all behind.”

The Pony Farm site was among items discussed by IDA officials last week, about six months after the agency began a metamorphosis under new leadership.

In January, Alexander “Sandy” Mathes Jr. joined the IDA as a consultant to lead the agency, and Elizabeth Horvath was named chief operating officer.

Mathes, subsequently named IDA chief executive officer, said in March that he expected to identity one or two sites for shovel-ready development in April or May. He and Horvath said last week that the demands of moving the IDA from a public to a private organization, including reviewing projects and documents, meant a delay in announcing shovel-ready initiatives.

Robert Hanft, an IDA director, said the transformation is an involved and time-consuming process.

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