$150 million Construction Project Being Considered For Oswego

OSWEGO, NY A proposal for a $150 million exhibition center may be officially presented to the Oswego Common Council as early as next week.

Mayor Tom Gillen said a former Port City resident contacted him recently about constructing a facility that would actually be floating in Oswego Harbor when completed.

The mayor said he received a letter of intent from Joe Pilotta of Digital Financial Group, Columbus, Ohio.

He described the facility as a floating theater and concert hall.

Its going to be a 65,000-square-foot exhibition/concert hall/trade center, the mayor said.

Another 40,000 square feet of office and lab space will be earmarked to accommodate 25 companies, he added..

Theres nothing like this anywhere on the Great Lakes, he said. It will be very 21st Century with an aquarium and aquatic garden, 20 luxury one- and two-bedroom apartments, a multi-media center and more.

Funding for the project would be from international sources, he explained.

It would be done through private equity bonds, the said, noting that potential current backers include Fraunhofer Center for Sustainable Energy, USA/Germany and Citic Guoan Group, Beijing, China.

They want to construct the facility on the water near the International Marina, the mayor said.

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$150 million Construction Project Being Considered For Oswego