From: | Lenny Siegel <lennysiegel@gmail.com> |
Date: | Wed, 10 Aug 2011 01:59:38 -0700 (PDT) |
Reply: | cpeo-brownfields |
Subject: | [CPEO-BIF] Destiny USA's tax credits, Syracuse, New York |
State agrees to approve pollution cleanup that could pay Destiny USA
$54 million
By Rick Moriarty Syracuse Post-Standard (NY) August 9, 2011Syracuse, NY -- Taxpayers are about to give the owner of the Carousel Center shopping mall about $54 million for a pollution cleanup that cost far, far less. The state Department of Environmental Conservation signed an agreement July 18 that retroactively accepts the soil cleanup that developer Robert Congel’s company designed and implemented for his 1.3-million-square-foot addition to the Syracuse shopping mall. Approval of the cleanup is one of the last steps before Congel can claim tax credits on his $540 million mall expansion, called Destiny USA, under the state’s much-criticized Brownfield Cleanup Program. Created in 2003, the program was intended to encourage the re-use of sites where pollution was making development difficult. But critics blast the program for giving developers of large projects benefits that far exceed the cost of any cleanup. ... For the entire article, seehttp://www.syracuse.com/news/index.ssf/2011/08/ state_agrees_to_pay_destiny_us.html -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope Street, Mountain View, CA 94041 Voice: 650-961-8918 or 650-969-1545 Fax: 650-961-8918 <lsiegel@cpeo.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] "Delay in shutting toxic Bronx school sparks outrage" Next by Date: [CPEO-BIF] Buffalo, New York Riverbend project | |
Prev by Thread: [CPEO-BIF] "Delay in shutting toxic Bronx school sparks outrage" Next by Thread: [CPEO-BIF] Buffalo, New York Riverbend project |