Byrne Dairy, a family-owned manufacturer and distributor of milk, dairy, and ice cream products, announced today that it has entered into an option agreement with the Cortland County Industrial Development Agency as a first step in its proposed development of a yogurt plant and agritourism center at Finger Lakes East Business Park in New York town of Cortlandville.

The option gives Byrne Dairy the right to purchase the 127-acre park if it receives site plan approval, can secure local incentives, and is granted New York State funding assistance. All such contingencies must be met for the project to move forward. If it receives approval, construction of the new plant would begin in mid-2013.