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Subsidy Tracker Individual Entry

Company: Bourne & Kenney Apartments
Parent Company: 
Subsidy Source: local
Location: New York
City: NEWBURGH
Address: 150 Smith Street
Zip: 12550
Project Description: Construction; Avg. Salary in 2015: $44509.86 The PILOT is between the City of Newburgh and Bourne &Kenney per Section 125 of the Private Housing Finance Law of the State of New York State. The original sponsor of the project abandoned the project. The Agency was not advised that the project was abandoned or that the trustees filed to place the project in receivership (2009). The Court assigned a receiver. Subsequently a new management firm was retained. The Management firm provides the Agency with required reporting information.
Year: 2016
Subsidy Value: $542,433
Program Name: Industrial Development Agencies
Awarding Agency: Newburgh Industrial Development Agency
Type of Subsidy: Tax Credit/Rebate
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. 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.