With $100M redux underway, Green Acres is the place
By GREGORY ZELLER // The $100 million-plus renovation of Green Acres Mall is picking up steam, with new construction and a host of new retail and restaurant options on tap….
PILOT
Orbic’s IDA deal opens new front in U.S.-China trade war
By GREGORY ZELLER // The Suffolk County Industrial Development Agency has waded into the U.S. trade war with China. The IDA has approved a 20-year tax-abatement plan that will trigger…
PILOTs proliferate in busy summer for Island IDAs
By GREGORY ZELLER // There’s no summer vacation for Long Island’s busy IDAs, which continue to spur regional economic activity with a series of tax-abatement deals. Both the Suffolk County…
In Melville warehouse deal, PILOTs like they oughta be
By GREGORY ZELLER // A routine benefits package earning first-stage approvals from the Suffolk County Industrial Development Agency is a prime example of the value of IDA tax breaks. “Significant…
Warehouse, senior living complex earn IDA approvals
By GREGORY ZELLER // A massive new Nassau warehouse and an eight-building Suffolk senior-rental complex highlight a busy month for Long Island’s countywide industrial development agencies. The Suffolk County Industrial…
With Nassau in the PILOT seat, Acupath thinks bigger
By GREGORY ZELLER // A veteran Long Island biotech that found new footing during the COVID crisis is on the verge of a major expansion, with a tip of the…
Island IDAs start 2022 with trio of big-time tax deals
By GREGORY ZELLER // Long Island industrial development agencies have surged into 2022. Tax-incentive deals for a full roster of high-profile construction and renovation projects have earned preliminary approvals from…
Nassau IDA’s 22-year PILOT package keys luxury hotel
By GREGORY ZELLER // A 22-year payment-in-lieu-of-taxes package approved by the Nassau County Industrial Development Agency will help a new luxury hotel rise in Jericho. The Jericho Plaza Hotel –…
With IDA’s bread, legendary LI bakery stays home
By GREGORY ZELLER // A fresh-from-the-oven Nassau County Industrial Development Agency incentives package will help a stalwart regional bakery expand its already impressive regional operations. Carle Place-based Cardinali Bakery, a…
Report: Nassau IDA kept housing, film rolling in 2020
By GREGORY ZELLER // A new economic development report puts a positive spin on a tough year for Nassau County. Pandemic-plagued 2020 was a difficult year everywhere, of course –…
PILOT lands lights, cameras, action in Port Washington
By GREGORY ZELLER // Spoiler alert: Hollywood is coming soon to a Long Island county near you. Actually, pandemics notwithstanding, television and movie production is already thriving on the Island…
Suffolk IDA signs off on Spectronics Corp. move
By GREGORY ZELLER // One of President Trump’s most vocal corporate-sector critics will keep his international manufacturing business on Long Island, with help from the Suffolk County Industrial Development Agency….