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.
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.
“Nassau County Legislator Denise Ford says that the developer looking to build luxury apartments on the Superblock will make a third attempt to secure a tax abatement to move forward with the project — and may sue the city if it is denied again.
Many moons ago , iStar came in with this project. THEY SAID THEY WERE SHOVEL READY and our city gave them approval to build. There was not one mention of IDA when this all happened.
Shovel ready was complete BS, because they came back a year later looking for a major tax break, that would, in my opinion, ultimately hurt all the residents of Long Beach.
What would be the basis for a lawsuit? The City of Long Beach gave them permission, then kept their mouths shut. We were begging our officials to talk and they wouldn’t. It was the will of the people who were against the IDA, because we don’t want to pay for luxury beachfront units that are on ultra-rare property that’s a hop, skip and jump away from Manhattan.
The Long Beach public forum on this topic is May 9, at 6:30 p.m at City Hall.
I’ll post some personal feelings on this in a bit. From the City of Long Beach:
The City has learned that iStar Financial, owners and developers of the Superblock, will soon submit a third and final application for tax abatements to the Nassau County IDA, which has the exclusive authority to grant or deny the application. It is unclear whether the IDA needs to hold a public meeting in connection with this new application.
Therefore, the City feels it is imperative that the residents be provided with the details of this application, and an analysis of its short-term and long-range effects on the City. Residents will also have an opportunity to ask questions regarding this topic of critical concern to the community.
Sorry, Unions. You’ve been duped. This tax-war had nothing to do with you. iStar pitted you against residents in the name of jobs. The real battle was taxpayers vs. shareholders of a multi-million dollar company.
When iStar first showed us the project, they said they just needed a few more stories over zoning to build. They said the project was shovel ready. Then they came back many months later with this IDA/Tax Abatement crap. They asked for way too much. Their reasoning was ‘oh, now we can’t build unless we get a tax abatement.’ But we already gave you the extra height. You did say it was shovel ready.
The Long Beach Superblock is one of the most desirable pieces of property in the greater NY area. Where else can you find a large piece of waterfront property that is right on a beach, boardwalk and walking distance to the train and local amenities? For those unfamiliar with the superblock area, I will show you why this property is so valuable:
So now what? Did we call iStar’s bluff? If they can’t build like they claim, then perhaps it’s time to put the prperty up for sale. This is where things get interesting.
Today we find out whether or not we experience corporate welfare in Long Beach for the next 20 years. That’s right, tax breaks for waterfront luxury apartments while all the homeowners in Long Beach suffer massive tax increases as they rebuild their homes. How F***ed up is that? Only an idiot would vote YES for this.
IDA PUBLIC MEETING JULY 28th @5pm 1550 Franklin Avenue Mineola, NY 11501
Nassau County Industrial Development Agency
1550 Franklin Ave., Suite 235
Mineola NY 11501
Dear Chairman Kearney and IDA Members,
Thank you for providing the “Camoin Report”, commissioned to express the economic impact of the Wayfarer project. Upon reading the report, I feel that it omitted critical data that will help decide whether or not to grant the 109 Million dollars in tax relief sought by the developer. It only showed the economic impact of two options, developed or not developed, and nothing in-between. Just because the developer forces an all-or-nothing tactic, doesn’t mean they deserve it.Continue reading Another letter regarding the iStar / IDA Economic Impact Analysis→