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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
Wage Data: salary created: 55000; salary retained: 0
Wage Data Type: estimated salary
Source of Data: (click here)
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.