Wayfarer ‘iStar Superblock’ Public Hearing Notice: May 27th, 6pm @ Library [Affordable Units?]

The full PUBLIC NOTICE is below, but here is an abridged version:

  • Held by the Nassau County Industrial Development Agency (IDA)
  • 27th day of May, 2015, at 6:00 p.m at the Long Beach Public Library,
  • With respect to the following project: LONG BEACH WAYFARER LLC,
  • [For] the construction of an approximately 654,682 square foot building with two (2) fifteen-story towers built over two (2) levels of structured parking on the Land together with related improvements to the Land including surface parking.
  • [A] mixed-use facility consisting of approximately 11,500 square feet of retail space and 522 residential rental units a portion of which shall be affordable units
  • The Company would receive financial assistance from the Agency in the form of potential exemptions or partial exemptions from real property taxes and sales and use taxes.

A reader emailed me to point out the following:

Oh and all those planning to attend the meeting may want to be aware of the following:

According to the NYS Comptroller:
“IDAs are required to hold a public hearing before approving any project for which financial assistance of more than $100,000 is proposed to be provided, but there is no requirement that IDA board members attend or respond to any questions or objections raised at such a hearing.”

So that “representative of the agency” may not even be a member of the IDA board. www.osc.state.ny.us/localgov/pubs/research/idabackground.pdf

READ THE FULL NOTICE OF PUBLIC HEARING BELOW:

LEGAL NOTICE # 21083649 NOTICE OF PUBLIC HEARING NOTICE
Legal Notice # 21083649 NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 859-a of the General Municipal Law, as amended, will be held by the Nassau County Industrial Development Agency (the “Agency”) on the 27th day of May, 2015, at 6:00 p.m., local time, at the Long Beach Public Library, 111 West Park Avenue, City of Long Beach, Nassau County, New York, with respect to the following project: LONG BEACH WAYFARER LLC, a limited liability company organized and existing under the laws of the State of Delaware and authorized to do business in the State of New York as a foreign limited liability company (the “Applicant”), presented an application (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A)(1) the acquisition of an interest in an approximately 6.04 acre parcel of land bordered by East Broadway, Riverside Boulevard, the Ocean Beach Park and Long Beach Boulevard, in the City of Long Beach, County of Nassau, New York (Section: 59; Block: 116; Lot: 38) (the “Land”), (2) the construction of an approximately 654,682 square foot building with two (2) fifteen-story towers built over two (2) levels of structured parking on the Land (collectively, the “Building”), together with related improvements to the Land including surface parking, and (3) the acquisition of certain furniture, fixtures, machinery and equipment necessary for the completion thereof (the “Equipment”), all of the foregoing for use by the Applicant as a mixed-use facility consisting of approximately 11,500 square feet of retail space and 522 residential rental units a portion of which shall be affordable units (collectively, the “Project Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the General Municipal Law) with respect to the foregoing; and (C) the lease (with an obligation to purchase), license or sale of the Project Facility to the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency. The Project Facility would be initially owned, operated and/or managed by the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency (the Applicant or such other entity, the “Company”). The Company would receive financial assistance from the Agency in the form of potential exemptions or partial exemptions from real property taxes and sales and use taxes (collectively, the “Financial Assistance”). A representative of the Agency will at the above-stated time and place hear and accept comments from all persons with views with respect to the Project. Interested parties may present their views both orally and in writing with respect to the Project. Subject to applicable law, copies of the Application, which includes a description of the anticipated costs and benefits of the Project, are available for review by the public during business hours at the offices of the Agency at 1550 Franklin Avenue, Suite 235, Mineola, New York (from 9:00 a.m. to 5:00 p.m. Monday through Friday). Dated: May 14, 2015 NASSAU COUNTY INDUSTRIAL DEVELOPMENT AGENCY By: Joseph J. Kearney Executive Director

Please read the terms of service before you comment.

comments

36 thoughts on “Wayfarer ‘iStar Superblock’ Public Hearing Notice: May 27th, 6pm @ Library [Affordable Units?]

  1. I find thIs part most interesting. “. . .all of the foregoing for use by the Applicant as a mixed-use facility consisting of approximately 11,500 square feet of retail space and 522 residential rental units a portion of which shall be affordable units”

  2. I Stars 522 apartments will add the equivalent of 24 square blocks of new homes to the City of LB’s already inadequate infrastructure (Water supply, sewage disposal, bus service, parking, garbage disposal, electric, gas, police and fire departments, et. al.. The icing on this cake is that I star gets it all for free for 25 years and you the already overburdened taxpayers get to pay your new neighbor’s bills for them. If you are a renter, you pay too, because your landlord gets the bill and raised the rent to cover it–you too are property taxpayers.

  3. That whole thing is ABSURD………..Forget building two bldgs on
    super block………There are so many houses & condos for sale now
    people don’t realize that & who would be able afford those new ones
    anyway

  4. “Affordable units” = Section 8 and Welfare.

    Check out the luxurious Metroplex on the beach at B. 26 Street in Far Rockaway. Sixteen stories of stainless appliances, granite counter tops and squalor. Graffiti, drug dealing and piss in the hallways.

    The luxury rentals never pan out because you’d need rocks in your head to pay $3000 to live with such garbage.

    But each one guarantees a Democrat vote, and that’s all our City Council cares about.

    Get out before it’s too late.

  5. “No requirement to respond to questions or objections”? So basically it will be a Wednesday Night session of Good & Welfare?

  6. It’s very hard to fathom that they could possibly be building two giant buildings full of welfare recipients. Not sure I believe it could happen.

  7. This whole thing is amazing to me. Basically EVERYTHING iStar said during their town hall meetings was a lie!

    They said they had the funding….lie!
    They said they were shovel ready….lie!
    They said the movie theater would be opened…lie!
    Where is all the new sewage piping they promised?
    When did they ever mention “affordable units”??
    When did they say that building was only going to happen if they got HUGE tax breaks???

    Worst of all is that this will get approved………

  8. Republican IDA can stop it. Basically if republican Ida votes down the project you can justify voting for republican candidates.

    If republican Ida gives them the pilot no choice but to vote for democrats.

  9. I wonder how much the Democrate Club is getting for this deal? Its time to thike of a recall vote on the City Administrations and so called commissioners..

  10. I believe it’s state law (for Long Island) that any development of five or more residential units that seeks a density variance set aside 10% of those units as “workforce” or “affordable”, which is defined as for “individuals or families that are at or below 130% of Long Island’s medium income”.

  11. Section 8 housing for 522 apartments just what long beach needs. Are you kidding me?
    As if there isn’t enough crime in long beach already

  12. First of all, this is NOT a 15 story building. It’s going to be closer to 18 or 19. A typical story is 10ft. That’s 8ft ceiling height plus mechanicals above and/or below each floor. The parking underneath and the commercial space at are typically calculated at closer to 15ft. So the first 25-30ft (or about 3 stories) are not in the residential equation. I am sure there will be mechanicals on the roof and/or some sort of atrium too. These are going to be behemoths. How many of you want to bet the retail space will include a Skudin Surf Shop? A few more tax increases and this place is going to implode. It might already be too late to sell.

  13. It doesn’t start that way, it starts with some percentage of section8. Then the people on the same floor start to wonder why they are paying $35K+ a year in real money to live with the problems, so they move. And it spreads, and to fill in the empty units – the landlord makes more subsidized units. And it goes on and on – and within 10 years, you have the Rockaways. The only good news is that the parking lot is off street and large enough for the drug deals to take place in a contained area.

  14. The rest of Nassau County is more than happy to have LB take this kind of development – it puts less pressure on other locales to have to deal with it. Why would Nassau Republicans stop it? The LB voters are getting the government they voted for, give it to them.

  15. I would like to hear from Patti Bourne who leads the Local Development Corporation and Dept of Economic Development & Planning on what positives iStar will bring for Long Beach with the retail opportunities being built.

  16. @AllisonB. If you do speak to Patrica Bourne, ask her what she knows about South Nassau Hospital’s “4-story, approximately 60,000 SF addition and campus utility infrastructure upgrade” SNCH website boasts “South Nassau Communities Hospital is a recipient of funding from FEMA and HUD, with some or all of the Southwest Addition Project to be funded by grants provided by these two entities”. Maybe that FEMA money is the nearly $200 million getting stolen from Long Beach. Why might Patricia know? She worked in the Suozzi administration for Anthony Cancellieri (South Nassau Hospital board member and Vice President of Alfonse D’Amato’s lobbying firm Park Strategies). Anthony and Alfonse are behind the siphoning off of the Long Beach Medical Center’s FEMA award. Is it a coincidence that she “appears” in Long Beach about the same time her old boss is involved in a property grab and siphoning off of millions in FEMA funds? http://www.southnassau.org/news/construction.cfm

  17. well then good for her! Its fantastic seeing a woman take advantage of her connections and breaking through the male dominated bullshit. She is very good at what she does and yes, she most certainly exploits her connections but who doesnt do that in politics? Political scandals and backdoor dealing – yeah, yeah whatever. I just want to know how these inevitable buildings are going to create more economic opportunities and how the City is planning the transportation network around them.

  18. Another privaleged ignorant person just what long Beach needs.
    As of there isnt enough ignorance and discrimination in Long Beach already.

    And when are they going to finish construction on that wall around LB? Summer is almost here!

  19. @AllisonB. Are you really congratulating a woman for finding her place in political back-door dealings, scandals, and exploiting connections simply because it was once the domain of males? These building are not going to create economic opportunity for anyone but a select few. The administration needs to add more people to the city to collect more taxes, to hire more friends and family, to pad pensions, overtime, etc. What transportation network are you talking about? They will have less parking per unit than the amount needed which will spill over into the surrounding neighborhood. The summertime crowds that parked there before will be displaced and life will go on, albeit a little more miserable for the people that live and pay taxes in Long Beach.

  20. @strategery – maybe I’m wrong, but I don’t think this will add more tax payers to LB. If they’re renting, since you can’t own in these buildings, they won’t pay property taxes.

  21. WET you are too savvy to suggest renters dont pay taxes. They do through their rent and actually pay more in taxes than homeowners because renters dont have all the tax breaks.

    Am I hallucinating or did I just see an ad for sex toys on Seabythecity?

  22. @allisonb – I wasn’t suggesting that all renters don’t pay taxes, but if the building only gets built if the PILOT is granted than they would not be adding 1,000 new tax payers.

  23. Most renters either just blame the “greedy landlord” when their rent goes up, or like Allison, get free rent through Section 8, so we the homeowners pay their tax increase indirectly.

    Since the I-star property will eventually be 100% Section 8, like Allison, they won’t pay any property tax, and will vote for every tax increase so they can get another volleyball net or more free cheese.

    Eventually the evil greedy White male investors and home owners flee and the place becomes a kinder, more diverse, cultural Democratic community, like Far Rockaway, Hempstead and Wyandanch. Right Allison?

  24. Allison b Where you and the libru clowns at the Hicksville and mineola.For the lire mess past two I made a YouTube video you guys are nowhere to be found in westbury

  25. @WestendTom. Sorry I didn’t explain myself further. I was imagining these buildings would go Condo. They would never sell 522 units in a timely manner. Few people, if any, would buy in a empty building. But you would find buyers in a complex full of high price rentals. I couldn’t imagine iStar wanting to be a landlord to 522 units, can you? I saw this project strictly as a a fill-it-up, and flip to Condo. Long Beach has so many not-budgeted-for commitments I didn’t think they wanted permanent rentals when they can collect more taxes with ownership.

  26. John Pine if you have a LIbRU question then direct it to the organization and not on an LB blog. It is weird and inappropriate that you purposefully tracked me down through a local blog to vent about LIBRU, in forums that do not pertain to anything outside of LB for the most part. Direct your questions, concerns, etc towards headquarters. You know the email.

  27. john pine I just saw your videos ur a fat idiot complaining about nice bus.There not a taxi service sorry Alison but someone has to stand up for you.

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