New York - Brownfield Cleanup Program Tax Credit - River Place II Holdings II LLC

Company:

River Place II Holdings II LLC

Parent Company:

Silverstein Properties

Subsidy Source:

state

Location:

New York

City:

New York

Project Description:

apartment house

Year:

2009

Major Industry of Parent:

real estate

Specific Industry of Parent:

real estate

Subsidy Value:

$101,995,991

Program Name:

Brownfield Cleanup Program Tax Credit

Awarding Agency:

Department of Taxation and Finance

Type of Subsidy:

MEGADEAL

Source of Data:

The breakdown of the Brownfield Cleanup Program tax credits is taken from: The New York State Department of Taxation and Finance, Brownfield Credit Reports for 2008, 2009, 2011 and 2012; available online at: http://www.tax.ny.gov/research/stats/statistics/special_interest_reports/brownfield_credit/brownfield_credit_reports.htm

Notes:

River Plaza II is a luxury rental property that was constructed between 2007 and in 2009. The complex includes some affordable rental units. The developer, River Place II Holdings II, associated with Silverstein Properties, received $101,995,991 in tax credits from the as-of-right Brownfield Cleanup Program: $4,049,552 in 2007, $5,807,347 in 2008, $86,526,140 in 2009, $5,264,423 in 2010, and $348, 529 in 2011. The main Subsidy Tracker data lists the awards separately in entries for the Brownfield Cleanup Program.

Source Notes:

If an online information source is not working, check the Tracker inventory page for an updated link.

New York - Brownfield Cleanup Program Tax Credit - River Place II Holdings II LLC

Subsidy Tracker Individual Entry