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Subsidy Tracker Individual Entry

Company: 
River Place II Holdings II LLC
Parent Company: 
Silverstein Properties
Subsidy Source: 
state
Location: 
New York
City: 
New York
Project Description: 

apartment house

Year: 
2009
Major Industry of Parent: 
real estate
Specific Industry of Parent: 
real estate
Subsidy Value: 
$101,995,991
Program Name: 
Brownfield Cleanup Program Tax Credit
Awarding Agency: 
Department of Taxation and Finance
Type of Subsidy: 
MEGADEAL
Source of Data: 

The breakdown of the Brownfield Cleanup Program tax credits is taken from: The New York State Department of Taxation and Finance, Brownfield Credit Reports for 2008, 2009, 2011 and 2012; available online at: http://www.tax.ny.gov/research/stats/statistics/special_interest_reports...

Notes: 

River Plaza II is a luxury rental property that was constructed between 2007 and in 2009. The complex includes some affordable rental units. The developer, River Place II Holdings II, associated with Silverstein Properties, received $101,995,991 in tax credits from the as-of-right Brownfield Cleanup Program: $4,049,552 in 2007, $5,807,347 in 2008, $86,526,140 in 2009, $5,264,423 in 2010, and $348, 529 in 2011. The main Subsidy Tracker data lists the awards separately in entries for the Brownfield Cleanup Program.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.