Deny Long Beach Wayfarer, LLC aka iStar a 25 Year Tax Exemption
This petition had 335 supporters
The petitioners request that Nassau County IDA reject Long Beach Wayfarer LLC's request for a 25 year tax break for their project located on the Superblock in Long Beach, NY. Despite the devastation of Hurricane Sandy, residents (including those who continue to be displaced) have been responsible for all city, county, state and school taxes. We believe since the residents of Long Beach pay their taxes, so should iStar.
The Development was given a variance by the ZBA in January of 2014. At this time there was absolutely no mention of a future request for a PILOT. The Zoning Board transcript from this event presents a very different iStar. Mr. Frey stated, "...we are extremely well capitalized developers, I can say the best you will ever see ..."
We urge the Nassau County Industrial Development Agency to listen to the citizens of Long Beach and vote against this tax break. The PILOT will have a direct and devastating impact on our community today and into the future.
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