Late Wednesday, Roseland Property, a joint venture partner withGeneral Motors Corp. on the redevelopment of the former GM MinivanAssembly site, issued a statement which began, "After six years ofhard work and an exhaustive environmental review, we are deeplydisappointed to announce today that we have withdrawn our plan forthe redevelopment of the 98-acre GM property in the Village ofSleepy Hollow." The statement went on to say that "the termsimposed by the village during the final stage of the environmentalreview process scaled back the project to the point where it becameeconomically unviable for our company."

Geoffrey Thompson, a spokesman for the Short Hills, NJ-baseddeveloper, says the company would have no further comment exceptfor its statement, which said that its plan would have "transformeda former industrial property into a vibrant and vital riverfrontcommunity." Roseland concluded by saying that "opportunity is nowgone. This is a tremendous loss for the village and the TarrytownSchool District in particular."

Janine Fruehan, a spokesperson for GM, says in response to theRoseland statement that the firm's withdrawal "was mutually agreedto." She adds that GM will now make it a priority to find adeveloper to replace Roseland on the Lighthouse Landing project. GMceased operations at its assembly plant in June 1996 and laterdemolished the building.