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Yonkers Private Development Hit the $1 Billion Mark

Yonkers Mayor Mike Spano touts Yonkers development has hit the $1 billion mark.
Yonkers Mayor Mike Spano touts Yonkers development has hit the $1 billion mark. Photo Credit: Cris Italia

YONKERS, N.Y. -- Yonkers has reached a major milestone. There is now more than $1 billion in private economic development in the city and city officials are looking for more, said Mayor Mike Spano, according to

Spano praised the investment figures as he launched the second phase of Generation Yonkers, a marketing campaign that is geared toward millennials to persuade them that Yonkers is the place to be, said. (Read the Daily Voice report on Generation Yonkers here.

The $350,000 campaign includes 10 weeks of advertising and promotions featuring local entrepreneurs and waterfront employees discussing how much they enjoy living and working in the area, added.

The Mayor says that people were always asking where was the next Brooklyn or Hoboken, and he says Yonkers is now that spot, said

The Mayor said the first phase of the campaign has already paid off, pointing to the Simone Management Group's $35 million rescue of the historic Boyce-Thompson research center for a mixed-use medical and retail center, as an example, said.

In addition to the Simone building, other on-going development projects range in scope from hotels to waterfront apartment buildings and businesses, said

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