GREENBURGH - Biotechnology company OSI Pharmaceuticals announced today it will move its headquarters to a 43-acre site in town that has been vacant for four years.
OSI will consolidate its domestic operations and move from Melville, Long Island, to 410-460 Saw Mill River Road, the former site of the Purdue Pharma laboratory at Ardsley Park Science & Technology Center that closed in 2005.
Town Supervisor Paul Feiner said the company plans to construct another building there and add 400 jobs within the next five years.
"It's a win-win-win," he said. "It stops the bleeding of certioraris in the Ardsley school district."
He was referring to land owners that have their assessments - and therefore their property-tax bills - lowered after legally challenging them.
Feiner said the new business will also generate at least $1 million in revenue for the town from renovation and building-permit fees, as well as stimulate the local business and real-estate market.
"In these tough economic times, it's so exciting," he said. "It puts Greenburgh on the map as a biotech community in the area."
Greenburgh resident Mike Edelman said he is generally in favor of attracting new businesses, but the community has become more dense since Purdue Pharma operated there.
"This is going to do far more damage, in terms of traffic, than the taxes it mitigates," he said. "The infrastructure doesn't support it at this time."
Construction and renovation at the site are planned to begin as early as next month. Some 200 employees from Colorado, New Jersey and Long Island would relocate in the fall, Feiner said.
The property's current assessed value is $32 million. OSI is paying $27 million for it, town officials said.
The Greenburgh Town Board has invited Pierre Legault, OSI's executive vice president and chief financial officer, to its meeting at 7:30 tomorrow night.
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