YONKERS, NY — October 4, 2019 – The Board of Directors of the Yonkers Industrial Development Agency (IDA) has approved financial incentives for a development that will transform an industrial property into a new waterfront residential neighborhood with public access to the Hudson River. At the IDA’s meeting held October 2, the board voted final approval of financial incentives for …
Yonkers Industrial Development Agency Denied the Capacity to Condemn the MTA Bus Storage Facility in Yonkers As Per Appellate Court Ruling
By HEZI ARIS
YONKERS, NY — August 24, 2019 — The Yonkers Industrial Development Agency (YIDA) was desirous to take possession and control of a 3.6-acre property that has long been a parking / storage facility of MTA buses. The property, a 3.6-acre acre facility was purchased by New York City and has since leased the property to the MTA. In 2015, Yonkers …
By HEZI ARIS
Developers of Troubled “Bronx River Commons” Site Stopped Because They Had Not Reached Out To The Trade Unions For A Project Labor Agreement (PLA)
By BRIAN HARROD
YONKERS, NY — May 8, 2019 — The troubled Kimball Theatre site has come back to the Yonkers Industrial Development Agency (YIDA) seeking financial assistance in the form of a Mortgage Recording Tax Exemption for a project now called the “Bronx River Commons”. The Kimball Theatre las been vacant since a 2004 fire destroyed the property and an adjacent row …
By BRIAN HARROD
PUBLIC HEARINGS TONIGHT: Scores of Construction Jobs Created As the Yonkers IDA Approves Tax Breaks For One Project and Preliminary Tax Breaks For Three Projects
By BRIAN HARROD
YONKERS, NY — April 2, 2019 —The board of directors of the Yonkers Industrial Development Agency (IDA) have approved resolutions of intent to provide financial incentives for four residential projects. The developments, which represent a total private investment of $108.3 million, are estimated to create 100 housing units and retain 311 units; create 156 construction jobs and create and retain …
By BRIAN HARROD
Yonkers IDA Approves Resolutions to Provide Financial Incentives for Residential Projects Representing Over $391 Million in Private Investment
Projects in Ludlow Area and Alexander Street Would Create Over 1,300 Construction Jobs and Nearly 1,000 New Rental Units YONKERS, NY — January 16, 2019 – The Board of Directors of the Yonkers Industrial Development Agency (YIDA) on January 11th approved resolutions of intent to provide financial incentives for three major residential projects that represent a total private investment of more …