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MegadealsSubsidy Tracker Individual Entry
Company: Picture Car Services, LTD
Parent Company:
Subsidy Source: local
Location: New York
City: RIDGEWOOD
Address: 48-05 Metropolitan Avenue
Zip: 11385
Project Description: Finance, Insurance and Real Estate; Picture Car Services, LTD provides the media and entertainment industry with customized and fabricated vehicles and other automotive rolling stock items. Picture Car and its real estate holding company, Mult Lots, LLC, seeks financial assistance with: 1) the acquisition and demolition of a 63,000 square foot building located on a 68,000 square foot parcel of land located at 4805 Metropolitan Ave in the Ridgewood section of Queens and 2) the construction, equipping and furnishing of a new 150,000 gross square foot building. The Facility will be used to refurbish, fabricate, store and distribute vehicles and other automotive rolling stock items for television and film productions. A majority of the Facility will be occupied by Picture Car and portions of the Facility will be leased to unrelated businesses that engage in film production, post-production and other industrial activities.
Year: 2016
Subsidy Value: $420,000
Program Name: Industrial Development Agencies
Awarding Agency: New York City 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.
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