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