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If the biotechnology company does not receive the subsidies, plus $100 million from the state, the project “will not materialize in New York,” according to a project summary.
The program is designed to develop business plans for diagnostic and therapeutic tools, medical devices and digital health resources.
Without the tax breaks, the site will continue to be used as a parking lot, the application states, and create “a void in the urban fabric.”
A policy that was approved by the Westchester County Industrial Development Agency to prioritize local labor has gained the support of the Construction Industry...
The developer says it is targeting small life science companies that cannot afford the costs of outfitting expensive labs.
The decision to sell, developer Martin Berger said, is “bittersweet any time you spend five years or more on a project.”
The Westchester IDA has approved a tax break totaling $1.75 million for the proposal, which will turn a vacant Harrison office building to an ambulatory care facility.
AvalonBay plans to build 143 rental units, along with 27,000 square feet of ground-floor retail space on grounds currently used for Metro-North parking.
“We’re growing so fast," Atlas Vice President Scott Roper said, "that we are bursting at the seams.”
A half-dozen union officials were at the IDA meeting, and two spoke out about the need for an agreement with the developer and for good local jobs.
Bruce Feldman, a real estate broker, is essentially suing his neighbors for $1.5 million for his work in challenging a mortgage and a tax agreement that he says were illegal.
A $25 million hotel project in Tuckahoe was one of three commercial projects approved for tax breaks by the Westchester County Industrial Development Agency.
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