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Friday, December 9, 2022
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Tag: Westchester Industrial Development Agency

Westchester IDA reviews $7.8m tax breaks for proposed Ossining senior housing

The proposed 3.5-story Crescent Manor building would be designated for people who are at least 62 years old and whose incomes range from 40% to 60% of the average median income.

Westchester IDA likes tax breaks for school bus business move to...

Bird Bus Sales & Service's landlord at 1 Warehouse Lane in Elmsford is not renewing the lease, IDA economic consultant Michael Grella told the IDA board, so the school bus business must find another location.

Foreclosure filed on City Center garage in White Plains

Last year, LC White Plains defaulted on the garage bonds. It owed $1.67 million but paid only $791,639.

Three energy projects seek $11.7M in tax breaks from Westchester IDA

YSG Solar Development Co. wants to install more than 28,000 solar panels at the former Philips Research Facility in Briarcliff Manor to generate enough energy to power more than 2,500 homes.

Westchester IDA hears $480M Regeneron proposal

Regeneron Pharmaceuticals wants to build a $480 million pre-clinical manufacturing and process development facility in Greenburgh.

Morgan Stanley to move wealth management group to Harrison for up...

The Westchester Industrial Development Agency approved up to $13 million in sales tax exemptions Nov. 23.

Westchester IDA OKs and reviews $82.6M in bonds for affordable housing...

The projects are to be financed with $82.6 million in tax-exempt bonds, and would receive $1,725,101 in tax breaks, not counting locally approved property tax abatement plans.

Westchester IDA tentatively OKs $3.1M tax relief for White Plains YMCA...

Southern would receive nearly $2.5 million in sales tax relief during construction and $644,071 in mortgage tax relief.

Westchester IDA OKs preliminary $6.6M tax break for apartments proposed near...

The project would be another element in the transformation of the so-called teardrop area – between Hutchinson River Parkway and Interstates 287 and 684 – from obsolete office parks to residential, recreational, retail and medical facilities.

Westchester IDA helps Citibank sell affordable housing loans

The changes are minor, Citi’s attorney stated, but will enable the bank to cash out of the funds by selling them on the secondary market.

Westchester IDA grants tax subsidies of $34.5M on $1.2B projects

Three projects are primarily residential developments that will create 1,806 rental apartments and 2,203 parking spaces.

Westchester IDA approves $1.7M subsidy for Simone medical building

Simone Development Companies plans to spend $61 million on renovating and expanding 104 Corporate Park Drive, for a pediatric medical center and cancer treatment center for adults and children.

Westchester IDA supports subsidies for $95M apartment proposal at 1133 Westchester...

The county subsidy would be supplemented by a mortgage recording tax exemption when the site is sold for a budgeted $14 million, and proposed property tax abatement from the City of White Plains totaling nearly $10.5 million over 15 years.

Westchester IDA OKs $5M in tax breaks for two White Plains...

The IDA board added a caveat to both project resolutions: The developers must meet with representatives of the building trades unions to discuss their possible involvement in the work.

Westchester IDA supports two White Plains apartment projects

The board unanimously approved lease-sublease deals with Westmoreland Lofts LLC and Saber Chauncey WP LLC.