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MegadealsSubsidy Tracker Individual Entry
Company: RXR Glen Cove Village Square
Parent Company:
Subsidy Source: local
Location: New York
City: GLEN COVE
Address: 100 Village Square
Zip: 11542
Project Description: Finance, Insurance and Real Estate; The Village Square project will start the PILOT in 2019. The project will create at least 10 FTE's in the first year after the completion of construction and maintain those jobs for the term of the lease. 225 temporary construction jobs will also be created. The total sales tax exemption is $1,823,580.
Year: 2019
Subsidy Value: $653,027
Program Name: Industrial Development Agencies
Awarding Agency: Glen Cove Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 10
Wage Data: $85,000
Wage Data Type: yearly salary
Capital Investment: $48,831,467
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
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