CBC: Borrowing to pay off deficits hurts future taxpayers
It’s not a good idea for municipal governments to borrow in order to cover operating expenses, according to the business-backed Citizens Budget Commission in New York City. Doing so can burden the...
View ArticleJournal News building goes for $12M
HARRISON – The former Journal News building, which was recently purchased by Lifetime Fitness, fetched $12 million, according to county records. Although the price had not been disclosed by either...
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Maya Lin’s art-dealer husband seeks $300,063 tax break for Yonkers jail purchase
Maya Lin’s art-dealer husband Daniel Wolf has asked Yonkers officials for a $300,063 tax break for his purchase and restoration of the Yonkers City Jail. Last month Wolf and Lin, who designed the...
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Yonkers public housing complex’s tax deal approved
The Yonkers Industrial Development Agency approved a $2.4 million tax deal for the Grant Park II public housing complex on Tuesday. The approval was the last needed to begin construction on the...
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New Marriott hotel in Yonkers to get tax breaks
The True North Hotel Group will build a $25.5 million, 150-room Courtyard by Marriott in Yonkers’ South Westchester Executive Park off Executive Boulevard. The Yonkers Industrial Development Agency...
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Courtyard by Marriott’s tax break request from Yonkers
The Yonkers Industrial Development Agency approved tax breaks for a new Courtyard by Marriott hotel Friday morning. Here is a copy of Norwich Yonkers LLC’s application for financial assistance. The...
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Condos are Yonkers’ biggest 2012 tax deadbeats
The Monterey Condo and Horizon at Ridge Hill were Yonkers’ biggest tax deadbeats in 2012, according to a tax lien list published this week. The Monterey Condo at 357 N. Broadway owes the city...
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Bronx moving company plans $10.5 million relocation to Yonkers
Oz Moving & Storage of the Bronx plans a $10.5 million move to a former carpet mill complex in Yonkers. Oz Moving at 101 Lincoln Ave. expects to spend $9.5 million purchasing 498 Nepperhan Ave....
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Yonkers forecloses on Greyston properties for unpaid taxes
The City of Yonkers has filed an initial foreclosure action against two properties controlled by the Greyston Foundation for $67,889.18 in unpaid property taxes plus interest. Ravine Avenue...
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Yonkers gives new hotel developer $923,205 tax break
A developer proposing a new 150-room hotel in Yonkers will get at least $923,250 in tax breaks. On Tuesday morning the Yonkers Industrial Development Agency voted to approve the financial incentives...
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