Category Archives: Feature

New Ro Bond Rating Upgraded – Best in 80 Years!

Great news for New Rochelle taxpayers: Moody’s Investors Service has upgraded the City’s bond rating to Aa2.  That’s our best bond rating in more than 80 years!  By reducing borrowing costs, the upgrade should save us hundreds of thousands of dollars. In Moody’s words, “the upgrade reflects the city’s multi-year trend of operational surpluses and … Continue reading New Ro Bond Rating Upgraded – Best in 80 Years!

New Ro Seeks Development Proposals at 45 Harrison

New Rochelle is seeking proposals for the redevelopment of 45 Harrison Street.  That’s where our aging downtown fire station is located, and any new development there would be coupled with the construction of a new, modern fire house, either on- or off-site. While this property is not among the publicly-owned sites committed to our master … Continue reading New Ro Seeks Development Proposals at 45 Harrison

Major Downtown Milestone: Groundbreaking at 587 Main

Today, New Rochelle took a giant step toward achieving our ambitious downtown development plans, as we broke ground for a new 28-story building at 587 Main Street, the site of a former Loew’s theater. This is the first major project from our master developers.  When completed, it will feature almost 300 apartments, 17,000 square feet … Continue reading Major Downtown Milestone: Groundbreaking at 587 Main

New Vision Unveiled for the Waterfront: Pratt Landing

Unveiled just last night, here’s the new vision for the New Rochelle waterfront at Echo Bay, as proposed by the City’s designated developers, Twining Properties. Called “Pratt Landing,” the project would include a blend of retail, office, hotel, and residential space, view corridors to the water from East Main Street, a modern architectural sensibility, and … Continue reading New Vision Unveiled for the Waterfront: Pratt Landing

Council Approves City Yard Plan – Big Step Clears Way for Waterfront Improvement

Last night, after many years of intense debate, the New Rochelle City Council came together on a unanimous, bipartisan basis to approve a location and to dedicate funding for a new Public Works Operations Center (or “City Yard.”) Through a public-private partnership, the City Yard will be situated in the ground level of a new … Continue reading Council Approves City Yard Plan – Big Step Clears Way for Waterfront Improvement

New Rochelle’s Finances in Good Shape

New Rochelle’s latest independent financial audit is – without a doubt – the most upbeat we’ve received since the onset of the Great Recession. The City’s revenues last year exceeded projections by about $3.7 million, while our expenditures came in under budget by about $3.6 million.  Together these positive variances contributed to a surging fund … Continue reading New Rochelle’s Finances in Good Shape

MTA Capital Plan is Big News for New Rochelle and Westchester

Try not to fall asleep while reading the next sentence.  The State’s Capital Plan Review Board has given the go-ahead to the MTA to proceed with a package of large regional transit improvements. Yes.  I know that sounds like bureaucratic gobbledygook – but, in fact, the right response to the news is not to snore; … Continue reading MTA Capital Plan is Big News for New Rochelle and Westchester