Subsidy Tracker Individual Entry

Company: 
Covanta Babylon, Inc.
Parent Company: 
Covanta
Subsidy Source: 
local
Location: 
New York
City: 
West Babylon
Address: 
380 Patton Avenue
Zip: 
11704
Project Description: 

The original project was the acquisition, construction and equipping of a 750 ton per day mass burn solid waste disposal resource recovery facility to be owned by the Town of Babylon, leased to the Agency and subleased to Ogden Martin Systems of Babylon Inc., now known as Covanta Babylon, Inc. In 2009 the $68,220,000 Town of Babylon IDA Resource Recovery Bonds Series 1998 were refunded and Resource Recovery Bonds of $66,395,000 were issued($53,720,000 Series 2009A and $12,665,000 Series 2009B Federally taxable).

Year: 
2012
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
utilities
Subsidy Value: 
$6,310
Program Name: 
Industrial Development Agencies
Awarding Agency: 
Babylon Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 
created: 0; retained: 0
Wage Data: 
salary created: 0; 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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