Home Economic Development New Rochelle IDA approves Cappelli and NRP Group projects

New Rochelle IDA approves Cappelli and NRP Group projects

2 COMMENTS

  1. Why is New Rochelle giving away $8.4 million to Real Estate developers?

    Why not give existing homeowners a similar tax break instead?

    Why do homeowner and other small businesses have to pay the mortgage tax and the big developers dont?

    That should be reversed so that homeowners and small businesses pay no mortgage tax and just the big developers are the only ones to pay.

  2. Its interesting to see that New Rochelle is doing so well financially that in these failing economic times they can give away millions in tax breaks to potential developments while the City of New Rochelle’s current businesses and residents are barely making ends meet.

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