Sentences with phrase «tax abatements»

Buffalo, N.Y. - The Erie County Industrial Development Agency Board today approved $ 7.8 million in property tax abatements and $ 1.8 million in sales tax waivers for 250 Delaware, Inc., the Uniland entity which is undertaking the $ 51.7 million project.

Buffalo, NY - The Erie County Industrial Development Agency today approved a nearly $ 38 million in tax abatements to aid a list of major products with a value of more than $ 300 million.

Buffalo, NY - The Erie County Industrial Development Agency (ECIDA) today approved a mix of property, sales tax and mortgage recording tax abatements to assist the revival of the long - languishing Richardson Complex.

The ECIDA board also approved $ 388,000 in tax abatements for Simmers Crane Design & Service, which plans to construct a $ 1.7 million manufacturing facility at the former Spaulding Fibre site in the City of Tonawanda.

«We think it will actually save the state more money in sales tax abatements than they had budgeted for the governor's proposal.»

deBlasio is seeking legislation to offer temporary property tax abatements to storm victims who have rebuilt and seen their tax bills go up.

The ECIDA has a track record of supporting charter school projects, previously approving tax abatements for five others, including Enterprise Charter School which started off as a tenant of the agency at its Oak Street campus and recently purchased its portion of the site from the ECIDA.

The panel is focusing on the circumstances surrounding the bill's passage, which paved the way for the five developers to use 421 - A tax abatements at projects around Manhattan, despite the projects appearing not to fit the criteria for the program.

In addition to tax abatements from the ECIDA, Paladino has also applied for $ 1.6 million in Historic Tax Credits to aid in the expensive and complex task of landmark building.

Jurors were also shown an early draft of the legislation that would have let a tax abatements expire, thereby allowing the city to adopt stronger rent regulations.

April 12, 2010 - Buffalo, NY - The Erie County Industrial Development Agency will provide General Motors with sales tax abatements totaling $ 1.68 million dollars to assist with retro - fitting the Tonawanda Powertrain plant for production of new 2.2 - and 2.5 liter engines.

Buffalo, NY - The Erie County Industrial Development Agency Board of Directors today approved $ 61,000 in sales tax abatements for a Canadian company which plans to invest $ 2.5 million to establish a U.S. subsidiary.

- The Erie County Industrial Development Agency (ECIDA) today approved a mix of property, sales tax and mortgage recording tax abatements to assist the revival of the long - languishing Richardson Complex.

Buffalo, NY - The Erie County Industrial Development Agency today approved a package of tax abatements to assist construction of an $ 18.7 million home for Wythe Will Tzetzo, LLC (WWT) food company in the new North Youngmann Commerce Centre, in the Town of Tonawanda.

Property tax abatements for the building were due to expire in 2008, but Delaware North obtained an additional seven years of tax breaks from the ECIDA for the portion of the building it occupies.

The ECIDA board also approved $ 218,000 in sales and mortgage recording tax abatements for the adaptive reuse on the former Baker Shoe building at 456 Main St., in downtown Buffalo.

Property tax abatements will save Delaware North about $ 2.25 million through its 15 - year lease, which expires in 2015.

Stuyvesant Town Governor David Paterson's proposal to override the Stuyvesant Town and Peter Cooper Village court decision by allowing units receiving tax abatements to...

In exchange for the payments to his son from the real estate firm and environmental firm, Dean Skelos introduced legislation to extend the controversial 421 - a program which provides tax abatements to developers and voted for legislation that allows landlords to increase rent on rent stabilized apartments.

In exchange, Skelos advocated for legislation that would help the firms get controversial tax abatements, raise rents on tenants with stabilization and ease environmental controls in the event that fracking were to be approved.

Glenwood lobbyists will allegedly say the firm Goldberg & Iryami was hired for tax work in 2000 at Silver's behest to «accommodate» him because Glenwood depended on state subsidies, tax abatements and rent regulation.

That atmosphere offered some relief in a case where prosecutors lacked a smoking gun, and where jurors were thus subjected to long testimony on the details of tax abatements, state grant processing procedures and mesothelioma litigation.

Government filings also suggest there will be testimony on matters ranging from lobbying on big - ticket items like rent regulation and real estate tax abatements, to Silver's killing of a Manhattan drug treatment clinic and $ 10 million in campaign contributions from New Hyde Park - based Glenwood Management, one of the real estate developers he allegedly shook down.

Condo developers also qualify for tax abatements in certain parts of the city, which gives buyers tax breaks for 10 to 25 years.

MANHATTAN — All eyes will be on Albany next week when the city's rent regulation laws and its 421a program giving tax abatements for new projects are set to expire.

The tempo of tampon tax abatements is picking up, she added.

The board also approved $ 591,000 in sales and mortgage recording tax abatements for Schneider Design Architects, PC for its $ 13.6 million adaptive reuse project at 145 and 149 Swan St. in downtown Buffalo.

ECIDA members also approved a request from Buffalo developer Rocco Termini for a total of $ 131,000 in tax abatements for two downtown Buffalo restaurant projects.

With just two days until the 421 - a tax abatements expire, Capital has learned a last - ditch effort is underway in Albany to overhaul the controversial development subsidy program before the legislative session ends next Wednesday.

Mayor Bill de Blasio is offering tax abatements, lower water bills and increased eligibility for benefit programs to speed the city's response to victims of Superstorm Sandy who are still...

Buffalo, NY - The Erie County Industrial Development Agency today approved $ 43,750 in sales tax abatements to assist Perry's Ice Cream Inc. in upgrading facilities in Akron and Newstead.

That's especially important in New York City, where large - scale landowners and developers are endlessly pushing back against rent regulations and seeking tax abatements.

Some of the same leaders were also in negotiations with top players in the city's real estate community, trying to set more favorable terms of a state law that gives tax abatements for new developments.

The agency's board approved $ 1.9 million in property and sales tax abatements for TM Montante Development's 555 Riverwalk Parkway project which will create a state - of - the - art home for FedEx Trade Networks Transportation and Brokerage, Inc. (FTN).

When lawmakers return to the capital for a special session, probably after the November election, they will vote on a change to keep existing tax abatements in place.

Prosecutors also showed jurors a document illustrating how an earlier draft of the legislation would have harmed Glenwood by letting tax abatements expire and allowing the city to adopt stronger rent regulations.

State lawmakers refused yesterday to extend some $ 445 million in property - tax abatements for 365,000 apartment owners, the New York Post reported.

Buffalo, NY - The Erie County Industrial Development Agency today approved $ 2.5 million in tax abatements to aid $ 25.2 million in private projects which will add a total 107 jobs to the local economy.

In exchange, they're suggesting that the council table Republican Mayor Erin Stewart's plan to give the company $ 2.1 million in local property tax abatements.

Then there was Amherst Town Supervisor Barry Weinstein's explanation in February as to why he supported $ 61,000 in sale tax abatements to help restore a fire - damaged building.

Locally controlled industrial development agencies provided at least $ 22 million in tax abatements to food companies, and discount power programs managed by the state power authority have provided discounted electricity with a minimum estimated value of $ 7.6 million.

They could still offer property tax abatements for town taxes, but school boards would have to approve abatements for the property taxes dedicated to districts.

Buffalo, NY - The Erie County Industrial Development Agency today approved nearly $ 757,000 in tax abatements to aid the conversion of the former Sheehan Hospital, at 425 Michigan Street in downtown Buffalo, to a mixed - use development anchored by a Time Warner Cable call center.

The governor's proposal would 1) prohibit state sales tax abatements unless a project is in a specific industry eligible for Excelsior tax credits (think «bureaucracy» and «hurts small business» here...), 2) require additional approvals by the relevant Regional Economic Development Council (REDC) and Empire State Development (think «unnecessary oversight and delays» here...), and 3) shift the abatement of state sales tax to a refund that might be issued sometime down the road (think «uncertainty» and «cashflow» here...).

The luxury tower is estimated to have received at least $ 35 million in 421 - a tax abatements, according to the New York Post.

Why rely on private developers getting tax abatements from the state?

The private developers want the tax abatements as payment for their contributions to the legislators.

The State Assembly in 2007 voted to allow Forest City to take advantage of the controversial 421a program, which gives tax abatements to developers who make 20 percent of their building's units affordable, even though Ratner didn't technically qualify.

Silver stepped down from his post after he was arrested on Jan. 22 for allegedly reaping $ 4 million in kickbacks from law firm Goldberg & Iryami, including some stemming from referrals of real estate developers seeking tax abatements, Bloomberg News reported.

«They're rallying against 421 - a tax abatements,» I offered.