Valley Stream, New York

 
 
 
IDA News & Updates
 
 
 

 
 
 

 
Recently Mayor Fare held a press conference at Village Hall to address concerns regarding the Green Acres-Macerich tax abatement. Watch here:
 
 
 
 
 

 
 

As reported in Long Island Business News - December 12, 2016

"Mayor Fare is right to focus on what caused these tax increases to insure they don't happen again"
- Martin Cantor


Village Grills Town I.D.A. at Meeting - 11/3 UPDATE

Hempstead, New York:  While Trustee John Tufarelli lambasted members of the Town of Hempstead Industrial Development Agency on the Green Acres Mall tax giveaway at the board’s regular I.D.A. meeting in the town’s Old Courthouse, our village attorneys have been busy joining with the Town of Hempstead Supervisor to join the Town’s lawsuit against the IDA. 

Right now we have more questions than answers as to how this tax shortfall was calculated.  As we learn more, we will share that information with our citizens and businesses who have been unfairly burdened by the IDA’s actions.

We’ll keep you posted.


Village Grills Town I.D.A. at Meeting

Hempstead, New York: Trustee John Tufarelli lambasted members of the Town of Hempstead Industrial Development Agency on the Green Acres Mall tax giveaway at the board’s regular I.D.A. meeting in the town’s Old Courthouse.

                The I.D.A. expects to hire a new financial consultant to review the financial arrangements of the 2014 PILOT program granted to Macerich, the company that now owns the Green Acres Shopping Mall.

                An I.D.A. member stated when asked that his board would not have given Macerich the PILOT program if they knew what they know today about its effect on school taxes.

We’ll keep you posted.


 
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