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MegadealsSubsidy Tracker Individual Entry
Company: Synapse Downtown LLC
Parent Company:
Subsidy Source: local
Location: New York
City: SYRACUSE
Address: 327-335 East Water St
Zip: 13202
Project Description: Finance, Insurance and Real Estate; Renovate building at 327335 East Water St (former Water St Gym) into a an office space which will be LEED Platinum certified. Benefits provided by SIDA constitute exemption for mortgage and sales & use tax. Real property tax exemption is also provided in the form a PILOT agreement.
Year: 2019
Subsidy Value: $4,991
Program Name: Industrial Development Agencies
Awarding Agency: Syracuse Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 0
Wage Data: $0
Wage Data Type: yearly salary
Capital Investment: $1,096,228
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.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.