Valley Stream residents came face to face with the Hempstead Industrial Development Agency Wednesday morning over its plan to force them to foot the bill for a mall tax break.
As News 12 Long Island has reported, the Hempstead IDA approved tax breaks for Green Acres Mall. The agreement beginning in 2017 would have the mall pay about $14 million a year for the next 10 years, considerably less than the $18 million to $20 million it pays now. Valley Stream residents could see their tax bills go up anywhere from $300 to $750 a year.
Residents inside the meeting shouted their concerns at the board, saying they were not properly notified about the ramifications of the mall tax break. There was no public comment session scheduled for the meeting.
"How could you think that this could possibly happen and we would just say quiet?" asked one resident.
Executive Director Fred Perola said the IDA would conduct another economic impact study, but warned residents that they still might not like the outcome.
Chairman Theodore P. Sasso Jr. also said that he's not sure if the board can do anything to rescind the contract that was given to the Green Acres Mall.
Nassau County Legislator Carrie Solanges is calling on the Town of Hempstead supervisor Anthony Santino to fire the entire IDA board.
"Please fire this board. Reissue a new board and make a decision that reverses the prior decision," he said.
Under the Hempstead town code, the supervisor could ask the Town Board to consider firing the IDA board, which would require a majority vote.
When asked if Santino would make such a recommendation, a spokesman wouldn't say. He added that Santino has announced plans to sue the IDA board.