Town of Hempstead Local Development Corp.

No. 399: On soda jerks, community gardens and bag bans – plus, ICE in SBU’s veins

Full speed ahead: As we hurtle the Wednesday hump, dear readers, and hustle through another exciting week of socioeconomic innovation. It’s April 24 out there, and it’s a busy one – Children’s Day in Zambia, Concord Day in Niger, Democracy Day in Nepal, National Panchayati Raj Day in India and Kapyong Day in both Australia and Canada, among other festivities. Please celebrate responsibly. Creature comfort: It’s also the World Day for Laboratory Animals, a circa-1979…


Hempstead LDC approves $28M in Adelphi bonds

By GREGORY ZELLER // The Town of Hempstead Local Development Corp. is once again backing a regional school’s expansion efforts with a nod for tax-exempt bonds. The LDC, which in 2018 approved the sale of $15 million in tax-exempt bonds for Molloy College’s dorm-construction project in Rockville Centre, has done the same for up to $28 million in tax-exempt bonds on behalf of Adelphi University. The Garden City university will put $6 million toward the…


Hempstead advances three key development projects

By GREGORY ZELLER // It’s been a busy week in the Town of Hempstead, where local economic-development officials have hit the gas on a multitude of projects. The Hempstead Industrial Development Agency on Tuesday approved the sale of Park Lake Residences, an affordable-housing complex located in the Village of Hempstead, and the reassignment of existing economic benefits to the complex’s new owner. The IDA also granted preliminary approval to an economic-benefits package that will allow…


No. 336: Beer, legalized marijuana, supermodels and a three-day weekend. You’re welcome.

Labor of love: Glory be and welcome to Friday, dear readers – and not just any Friday, but (for most of us) the start of a glorious three-day holiday weekend, marking (unofficially) the end of the Summer of 2018. It’s Aug. 31, the last Friday in August, to be followed promptly by the first Monday in September – and the 124th observance of Labor Day since it became a federal holiday in 1894. Programming note:…


Preliminary bond deal brings new Molloy dorms closer

By GREGORY ZELLER // Don’t start planning those keggers just yet, but new dormitories for Molloy College are a step closer to reality. The Town of Hempstead Local Development Corp. has issued preliminary approval for the sale of $15 million in tax-exempt bonds on behalf of the Rockville Centre college, with the money earmarked for the construction of new student residences. Final authorization for the bond sale won’t come until the Development Corp. – which…