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MegadealsSubsidy Tracker Individual Entry
Company: 50 Front St
Parent Company:
Subsidy Source: local
Location: New York
City: BINGHAMTON
Address: 50 Front St.
Zip: 13905
Project Description: The project initially entails the remediation and demolition of 50 Front St. in Binghamton which was a former hotel and nursing facility. Once demolition is completed, 122 market rate apartments will be constructed on the site with 7500 sf of commercial space. The project expects to create 40 construction jobs and 3 full time and 2 part time permanent jobs.
Year: 2017
Subsidy Value: $423,915
Program Name: Industrial Development Agencies
Awarding Agency: Broome Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $31,250,000
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.