Subsidy Tracker Individual Entry

Company: 
Avalon on the Sound East (Phase II)
Parent Company: 
AvalonBay Communities
Subsidy Source: 
local
Location: 
New York
City: 
New Rochelle
Address: 
40 Memorial Highway
Zip: 
10801
Project Description: 

Acquisition, construction, and equipping of a commercial forprofit rental housing facility, including related parking facilities.Phase II total project cost at time of application was est. at $90M. Actual proj. cost was approx. $150M when built several years later.

Year: 
2012
Major Industry of Parent: 
real estate
Specific Industry of Parent: 
real estate
Subsidy Value: 
$8,589,419
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New Rochelle Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 
created: 15; retained: 0
Wage Data: 
salary created: 55000; salary retained: 0
Wage Data Type: 
estimated salary
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs and wages are estimates.

Source Notes: 
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