Subsidy Tracker Individual Entry

Company: 
LIC Site B-1 Owner, LLC
Parent Company: 
Subsidy Source: 
local
Location: 
New York
City: 
LONG ISLAND CITY
Address: 
28-10- Queens Plaza South
Zip: 
11101
Project Description: 

Finance, Insurance and Real Estate; LIC Site B-1 Owner, LLC (the ?Company?) is a limited liability company formed by Tishman Speyer Properties, L.P. (?Tishman Speyer?), a private real estate development and investment firm. The Company seeks financial assistance in connection with the developing, furnishing and equipping of an approximately 1.1 million square foot building located on an approximately 71,692 square foot parcel of land in Long Island City, Queens (the ?Project?). The Project will contain approximately 1 million gross square feet of Class A office space, approximately 40,000 gross square feet of retail space and a 388 space parking garage.

Year: 
2016
Subsidy Value: 
$7,700,000
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate
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: 
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