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