|From:||Lenny Siegel <email@example.com>|
|Date:||Fri, 11 Jul 2008 15:55:51 -0700 (PDT)|
|Subject:||[CPEO-BIF] Yonkers, New York, esplanade|
Developer wants $4M for Yonkers esplanade Len Maniace Lower Hudson Journal News (NY) July 11, 2008YONKERS - The developer of 560 apartments along the downtown waterfront has told city officials he needs $4 million to cover part of the cost of a public esplanade built for the city's latest project.
Arthur Collins II said in an interview with The Journal News that he is seeking the city's support in further changing the state's just-revised Brownfield Law to cover the gap, or - failing that - some form of financial assistance from City Hall.
Collins, who heads Collins Enterprises in Stamford, Conn., said the gap resulted from a misunderstanding of the law, which funds environmental cleanups of former industrial properties and which the company had counted on to cover the esplanade's $16.7 million cost.
Collins Enterprises expects to receive a total of $19.5 million in tax credits from the state. Collins said his company did not realize that credit was subject to a federal tax of $6.8 million, which left him only $12.7 million to put toward the project.
... For the entire article, see http://lohud.com/apps/pbcs.dll/article?AID=/20080711/NEWS02/807110432/-1/SPORTS -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
Prev by Date: [CPEO-BIF] GE site, Cohocton, Ohio|
Next by Date: [CPEO-BIF] National Welding site, Newington, Connecticut
Prev by Thread: [CPEO-BIF] GE site, Cohocton, Ohio|
Next by Thread: [CPEO-BIF] National Welding site, Newington, Connecticut