Tag Archives: istar

Our Gutsy Zoning Board made the right decision. Foundation permit for the superblock is now expired.

Kudos to the Long Beach Zoning Board for having the guts to deny iStar Financial an extension, rendering their superblock foundation permit invalid. iStar recently tried to pull a fast one by pretending work was underway the other day, but it was a little too late (sorry, pals.) Now work has stopped and iStar plans on following through with their lawsuit for $100 million against our city.

In 2014 at The Park Sports bar & Grill (now called The Junction) residents were told by executive vice president of iStar Karl Frey how the project was shovel ready, only to find out a year later about the tax abatement request of $120 million for 20 years. I personally know many residents who claim they were lied to and changed their mind on development once they heard about the tax abatement. iStar is also claiming how the Nassau IDA would have given them the abatement if Long Beach wrote a letter of support. If that’s an official claim, then they must prove that in court. Who led them on? Who in the Nassau IDA told them they were waiting for our blessing?

The bottom line is this: iStar should have been honest upfront with us residents and told us from the beginning how they were seeking the tax breaks. It’s their fault that we’re in this situation and now we have to pay for their greediness.

In the meantime, iStar shareholders should sell their stock. Who would want to own a greedy company that’s in the business of destroying communities? Especially a community that was hit hard with Superstorm Sandy and still trying to get back to normal.  

Superblock movement ahead of ZBA iStar variance vote

Several readers have been sending me photos and tidbits regarding the recent movement that has been happening on the Superblock. The photo posted above which was taken today shows a tremendous pile driver.

A reader named Jim tells me: “Guess they [iStar] are trying to get stuff in before their 1 year (that lasted 3 years) variance expires and before the upcoming meeting. “

It certainly sounds like it. The ZBA will vote on the variance this Thursday which will determine if the iStar building permit expired. iStar are going to do their best to show us how they already started construction. Here is another example of iStar trying to build their case, but really being nothing, but the assholes they really are. Just recently iStar served Long Beach with a $100 million dollar lawsuit because they claim our city has not supported their tax break request. I have posted the entire summons here [link].

Developing…….

 

iStar files $100m lawsuit against Long Beach [What a bunch of (censored)]

DO NOT CONTINUE READING IF YOU DON’T LIKE PROFANITY

The History of all this: Liar liar pants on fire Karl Frey, Executive Vice President of iStar Financial lied to us Long Beach residents back in 2014 when he sold many of us on the iStar project by never mentioning their plan to seek a tax abatement.  At The Park,  Liar liar Pants on fire Karl Frey told us the project was shovel ready with funds that were readily available.

What happened next had us residents furious.

After getting approval to build by convincing us they needed to add a few extra stories to make the project financially feasibly, iStar never broke ground. They project remained silent until it came out that they were seeking $127 million in tax breaks from the Nassau County IDA.  That was rejected, so iStar tried again for $109 million. That was also rejected and rightfully so. Why would Nassau County IDA give iStar tax breaks on ultra rare waterfront property smack in the middle of a beach community that is walking distance to the LIRR?

So where are we today?

“It is with a great deal of reluctance that iStar filed this suit today,” said Karl Frey, iStar’s executive vice president. “For nearly a decade, we’ve worked closely with the city of Long Beach to create a development plan that would be both economically viable and provide extraordinary benefits to the city and its residents.” [NEWSDAY]

Yep. The Long Beach woes continue…. iStar Financial is suing us for $100 million for not publicly supporting their IDA request (That is complete bullshit. Below is a photo of City Councilman Anthony Eramo publicly speaking in favor of the project). IStar Financial has to be one of the dumbest fucking assbent over backwards companies out there. The Residents will respond to this. Meanwhile, the cost of construction keeps going up uP UP.  Honest, Karl Frey, you are a fucking stupid and mean asshole. If I were an iStar shareholder, I would be pissed.

NEWSDAY: Developers file $100M suit against Long Beach over Superblock

LB HERALD: iStar files $100M lawsuit against Long Beach

Photo by Take Back Long Beach 11561 group on Facebook

iStar Tidbit Courtesy Flush

I was asked to post images of the flyers that were on every seat at the Tuesday night ZBA meeting regarding iStar. I have no idea who made them, so I apologize for not giving anybody proper credit.  I have to assume that the creator is totally ok for me to post them here. (Right?)

click on image for a larger view
click on image for a larger view

 

Also, two posts ago I made a joke about iStar using bags of cement for the ‘work’ they said did, as mentioned in Newsday:

“A foundation permit was filed and a concrete slab was poured on the site, surrounded by a chain link fence off the boardwalk [NEWSDAY]

The following image and caption was posted on facebook by LB resident Sam Pinto. He gave me permission to repost here:

“Back in 2016, I happened to walk by the superblock as I saw one guy in concrete truck pouring some concrete. I saw that he cleared out what looked to be a 5 cubic yard hole, and the concrete was quickly poured into the it. I’m no engineer, but If this counts as a foundation for two 17 story towers, I would be shocked. I didn’t see any rebar, markings, tubes or flags. I’ve seen more concrete work for a lifted bungalow in the West End.”

County Executive Laura Curran on IDA REFORM. iStar seems to like this regime change.

New Nassau County Executive Laura Curran promised IDA reforms under her administration:

  • March 27th, 2018: Curran announces IDA reforms [NEWSDAY]
  • March 28th, 2018: Curran announces IDA reforms [The Island Now]
  • September 20th, 2017: Laura Curran pushes IDA reforms [NEWSDAY]
  • April 11th, 2018 [THAT IS TODAY!]: County Executive Curran Announces Sweeping Reforms to Industrial Development Agency [nassaucountyny.gov]

But according to an article in today’s Newsday, the iStar attorney thinks this new Laura Curran administration will be in their favor:

“People know there’s been a change in [IDA] administration at the county level and the developers are optimistic to come to a deal to come to the IDA to proceed very quickly,” said Scott Mollen, an attorney for the development. [NEWSDAY]

Below is today’s announcement from Laura Curran [link]. Will she hold her promise to us with this IDA reform?  She is promising ‘transparency’ and ‘putting the community first’, but let me tell you this: The Long Beach community is not happy about a billion dollar company asking for 20 years of tax cuts on extremely rare beachfront property that’s a stone throw away from the LIRR. Especially since the Long Beach community is potentially about to face extremely high tax increases across the board.

I would love to hear what County Executive Laura Curran has to say about this iStar IDA application. I did vote for  Laura. Her answer will definitely make my decision for the next election.

APRIL 11th, 2018

County Executive Curran Announces Sweeping Reforms to Industrial Development Agency

Mineola, NY – Nassau County Executive Laura Curran today announced a series of reforms for the Nassau County Industrial Development Agency (IDA) that will increase transparency, better measure projects that receive IDA benefits and put community first.

“I look forward to working with the IDA Board – both my new appointees and members already serving – to move the IDA forward with a new mission of transparency,” said Curran. “The bottom line is Nassau County needs to attract and keep businesses to grow the tax base.”

“I’ve always said the IDAs can be a great economic development tool, and we just need to ensure policies and practices are in place that benefit the communities these projects are designed to support,” said Curran.

Curran also announced that she would form a taskforce to explore synergies between the Nassau and Town of Hempstead IDAs in an effort to take a more regional approach to economic development.

“It makes perfect sense to how we can cooperate in a more efficient and substantive way in attracting new business without forgetting the needs of the community,” said Curran.

Curran said amongst the reforms she would recommend to the IDA Board for consideration include:

  • Requiring the IDA to hold quarterly meetings in addition to business sessions and to allow for public comment on all agenda items.
  • Enhance notification of IDA projects, proposals and other business to elected officials impacted by the projects along with greater outreach to interested parties and the general public.
  • Ensure that Nassau IDA Board policies on gifts, campaign contributions, etc. mirror those of senior County officials. This would include disclosure by applicants and their consultants of any political contributions made to county or locally impacted elected officials.
  • Close the so –called “tourism loophole” that has allowed for the granting of tax breaks for storage facilities and car dealerships.
  • Mandate the use of local labor/prevailing wage to the greatest extent possible.
  • Expand the benefits for building transit-oriented developments in Nassau’s downtowns.
  • Clarify and strengthen job creation requirements and establish stringent ‘claw back’ of benefits if job levels aren’t reached.

In addition, Curran said she will also review closely the findings of an audit of the IDA presently being undertaken by the office of Nassau County Comptroller Jack Schnirman, and may recommend additional reforms based on the results of the audit.

“Real reform of the IDA will take the efforts of many,” said Curran. “I am looking forward to working with the IDA Board of Directors and Executive Director to implement these changes.”

###

Union workers are being used as pawns for multi-billion dollar company (iStar), who has the potential to destroy the Long Beach Middle class.

Such a crazy time we live in when it comes to politics and money…….

READ NEWSDAY:  Long Beach ZBA hears arguments on proposed Superblock’s permit

“Attorneys for developers said the project is still moving forward and announced plans to seek new tax breaks to enable the start of construction.”

Thank you iStar for pushing through on destroying this community as much as you can. But don’t you have enough money to pay for this? I think you do [link].

“People know there’s been a change in [IDA] administration at the county level and the developers are optimistic to come to a deal to come to the IDA to proceed very quickly,” said Scott Mollen, an attorney for the development.

It sounds like a deal is already in place. Can we investigate this like how we investigated the Mangano mess? 

“Developers said they believed they were in compliance with the conditions of the city. A foundation permit was filed and a concrete slab was poured on the site, surrounded by a chain link fence off the boardwalk.”

I cannot believe they are using that tiny hole as a way of saying they already started work. Did that concrete come out of a paper bag? This is disgraceful. 

Ugh, I really don’t want to do this blog anymore, but there are times like these when I feel like have no choice. But I really don’t want to blog anymore. I love not paying attention. I have not been going to any of these meetings. I’ve been living in the dark and it’s been great, but then I go on facebook, I see what my friends post, I read Newsday and I go nuts. I don’t want to do this blog anymore. I really don’t.

I would rather see a new Haberman building than another legal surcharge on my tax bill. [opinion]

“The city was dealt another blow last week in its fight against a potentially crippling $50 million lawsuit a developer first filed in 2003 [LB Herald]

“The Habermans are longtime residents of Long Beach. They did not want to inflict an enormous damage claim on the city, They only wanted the right to develop their own property.” [NEWSDAY]

Am I alone when I say this: I’d rather see another building than a lawsuit surcharge on my tax bill. It would spell the end for the beloved kitty condo, but there has to be some room here to cut some sort of deal.  I just think for us to appeal will do nothing, but delay the inevitable in a costly fashion.

Between this and the potential-BS lawsuit iStar is threatening, us residents are really getting hit hard with this legal mess – all situations that we have nothing to do with. I’m not joking when I say how there needs to be another Scoundrels by the Sea book in the works. 

Hey attorneys for iStar: You are assholes and your client lied to the people of Long Beach. Liar liar pants on fire. [OPINION]

Isn’t freedom of speech wonderful?  Hey, check this out:

“Council President Len Torres told the Herald last October that he was disappointed with iStar for originally claiming it had the money to fund the project, and then seeking a large tax break.” [link]

Yeah, no shit. Representatives from iStar told tons of Long Beach residents at their little 2014 party at [I think it was Sutton Place] how they had the money and the project was shovel ready. This company is such a liar liar pants on fire. They totally lied to us and now they want us to foot the bill, whether it’s in the form of taxes or a lawsuit. What a greedy fucking company.

I’m so tired of all this. I am tired of this company. I am tired of Long Beach residents footing the bill for everything. I am tired of Long Beach, in general, on social media.

The people of Long Beach and the People of Nassau County should sue iStar.  Oh yeah, read this article: iStar pushing Long Beach to back $82M tax break

iStar profit gravy $$$ and an open letter to our city [editorial, opinions, whatever you want to call it]

iStar originally came to the IDA asking for $129 million dollars. They are now down to  $82 million.  As the Newsday editorial [image below] and many have pointed out, what was that $47 million dollars, gravy? How can the City Council be legally beholden to an agreement when the people they agreed with are so obviously trying to game the system. It is impossible to demand that the City Council follow through with that agreement given the way that is has been handled by iStar where they have blatantly shown that all they are after is more profit.

(In the words of Larry David) Having said that….

TO: ltorres@longbeachny.govaeramo@longbeachny.govcdiamond@longbeachny.govsmandel@longbeachny.govamoore@longbeachny.govcitymanager@longbeachny.gov

RE: iStar letter and potential lawsuit

Attention City Council and City Manager: 

It’s time for you to do the right thing. A $105 million dollar lawsuit that we potentially face due do your negligence is something you can clear up by sending the letter that iStar requires, telling them that you gave them permission to go to the IDA. After you do this, us residents will try to clean up your mess.