Developer: $128M in tax breaks needed for apartment project

IStar Financial wants to build rental apartments on

IStar Financial wants to build rental apartments on the now-vacant lot. (Credit: News 12)

LONG BEACH - Two proposed apartment buildings in Long Beach cannot move forward unless the plan is granted more than $128 million in tax breaks, according to the developer of the Superblock project.

The issue was debated during a public hearing in Long Beach Wednesday night.

IStar Financial and Avalon Bay Communities want to build rental apartments on the now-vacant lot.

Former Sen. Al D'Amato encouraged the community to shut down the project completely.

"I'm not against building, but for God's sake, don't take it out on the people. What the hell is wrong with you?" he said during the heated meeting.

Several union workers gave their take on the $273 million project.

"I'd like to see union labor used and a [project labor agreement] signed before anything else is done," said one worker.

That PLA would ensure that the 2,200 jobs created by the project would go to local workers. They would build 522 apartments in two, 15-story buildings on top of retail shops and parking.

If Nassau's Industrial Development Agency grants the tax breaks, the amount would be subject to negotiation. The IDA still hasn't decided if it plans to back the project.

advertisement | advertise on News 12

Top 5 Must See

The owner of a Huntington church and food 1 Huntington food pantry owner says he is being targeted by neighbors, town
Developers want to build more than 150 new 2 Plans to expand Bayport senior apartment complex faces opposition
Officials say a pedestrian was struck and killed 3 Police: Pedestrian fatally struck by hit-and-run driver in Central Islip
News 12 is told the driver of the 4 Officials: 2 struck by car in Massapequa
The vigil for Banegas took place at the 5 Vigil held for victim in Central Islip Park killing

advertisement | advertise on News 12

More News

A Manhattan developer is asking Nassau County for Developer asks Nassau for tax breaks

A Manhattan developer is asking Nassau County for tax breaks on two proposed luxury apartment

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE