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Bank of Hope foreclosure dims dreams of Mount Vernon linen business

“Hotels can’t operate without bedsheets,” Mandy Lema said. “There are 100,000 hotel rooms. They have to have that service.”

Walison Development charges slander in Mount Vernon land deal

“This has made it nearly impossible … to obtain financing. It stands to reason that investors and lenders will not be willing to lend money … if there is no purchase agreement in place.”

All but one charge against former Mount Vernon mayor dismissed over...

While many of Thomas’ and James’ alleged actions may have been improper, U.S. District Judge Kenneth M. Karas ruled on Sept. 10, they do not “reflect retaliation.”

Mountco gets additional tax abatement deal on Mount Vernon project

Mount Vernon Industrial Development Agency has granted a new property tax abatement deal to Mountco development for the Sandford Terrace subsidized apartments for the elderly, to fix a financial crunch.

Mount Vernon IDA OKs $8.8M tax relief for Section 8 housing

K&R Preservation wants to fix up Oakwood Gardens and maintain federal housing subsidies.

Organic foods company seeks Mount Vernon location and tax deal

Ace Natural Inc. shopped for a site near customers and where a local government would offer financial incentives.

Residents again say no more tax subsidies for Mount Vernon developers

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.

Mount Vernon schools sue city IDA and mayor over tax abatement...

“The agreement operates as a gift of public funds,” the school board states in the lawsuit.

Former Astorino aides join Mount Vernon mayor’s IDA

Eileen Mildenberger, an attorney who had once directed the county Industrial Development agency, and Edwin J. “Ned” McCormack were appointed by the IDA board.

American Christmas deal wrapped up in time for holidays

“We make the magic,” is the American Christmas motto.

The Pointe gets tax abatement plan for affordable housing on blighted...

“Get on board,” Mayor Richard Thomas implored critics of the project, and make the neighborhood a “much better place to live and work in and play.”

Audit uncovers problem numbers in Mount Vernon IDA finances

“It was a very hard reconciliation, one of the largest I’ve ever done,” the auditor said.

NRP Group accuses Mount Vernon of scuttling its apartment project

“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.

Mount Vernon residents object to housing developers’ tax breaks

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.

A troubled agency falters under a new regime

Mayor Richard Thomas tries to change the culture of the Mount Vernon Industrial Development Agency.