ITHACA, N.Y. — According to paperwork filed with the Tompkins County IDA, CBORD, a Lansing-based software company, wants to move out of its digs in the Cornell office park by the airport, and into a new larger facility in renovated space in the South Hill Business Campus next to Ithaca College.
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CBORD would lease 41,000 SF of space with five year options to renew. All 245 local employees would be moved into the renovated space, which would be finished by the end of May 2016 and designed by local architect John Snyder.
The project is expected to cost about $3.7 million. No new jobs are stated in the application.
Assuming SHBC’s website is up-to-date, no contiguous spaces are currently large enough for the tenant, so either the internal space will be split up, or some other tenants will be jostled around to make room for CBORD.
As for the abatement itself, CBORD is requesting a sales tax abatement, one year in length, with a value of $296,000, about 8% of the project cost.
CBORD, an approximately 40 year old company, produces security and card systems for campus colleges and universities.
According to its website, its products include resident meal planning software; automated food service operations; and card-based security systems.
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