Bronx Gets Unexpected Benefits from Corporate Park in Progress

June 30, 2011
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In 2001, Joseph Simone, the president of New Rochelle, N.Y.'s Simone Development Companies, bid $3.7 million at a state auction for an undeveloped 18.5-acre tract in the Bronx—surprising many who thought of Simone, whose business is family owned, as a wise businessman. The tract was once the site of an abandoned residential treatment center.

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