Company: Pyramid Companies Parent Company: Pyramid Companies Subsidy Source: multiple Location: New York City: Syracuse County: Onondaga Project Description: expansion of shopping mall Year: 2002 Major Industry of Parent: real estate Specific Industry of Parent: real estate Subsidy Value: $600,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Capital Investment: $1,800,000,000 Source of Data: The subsidy value came from: Rick Moriarty and Tim Knauss, "After more than 13 years of grand plans and setbacks, Robert Congel says Destiny USA is complete," Syracuse Post Standard, June 7, 2012. Notes: When developer Robert Congel and his Pyramid Companies proposed a huge expansion of their Carousel Center mall into what was renamed Destiny USA, the city and state provided subsidies including a PILOT agreement that allowed the project to save some $600 million on property taxes over 30 years. The main Subsidy Tracker data includes various DestinyUSA entries under the Industrial Development Agency and Empire Zone programs. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.