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In short, residents say the IDA is too generous to residential developers, too insensitive about the residents’ tax burden and too secretive about its work.
“Not only was the city failing to be a cooperative partner in this development, but it was actively attempting to derail the project,” said Jonathan Gertman, NRP Group vice president of development.
MacQuesten Development asked the city’s IDA to exempt it from $1.6 million in sales and use taxes and to abate property taxes for 30 years on a project at the Mount Vernon West train station.