Tag Archives: IDA

Legislator Gaylor Commends Town IDA for Revoking Green Acres Pilot Agreement

Nassau County Legislator C. William Gaylor commended the Town of Hempstead Industrial Development Agency (IDA) for revoking the payment-in-lieu-of-taxes agreement (PILOT) for the Green Acres Mall, which created an undue burden on Valley Stream Taxpayers.


“Some residents saw their property tax bill rise by over 12% as a result of this PILOT agreement,” said Legislator Gaylor. “I’d like to thank the new Town of Hempstead IDA for revoking this decision for the sake of the taxpayer.”


However, Legislator Gaylor warned that this was not the end of the issue. As a result of this PILOT, the Valley Stream School Districts have inappropriately collected over $3,000,000 more money from taxpayers than is required to fund their budgets. To this end, Legislator Gaylor has drafted and submitted a proposal to refund this money by the most transparent means possible, a refund check. Authorization by New York State is required to make this proposal a reality.


“As our representative in the Assembly and a member of the party in the majority, I’m calling on Assemblywoman Solages to introduce my legislation to return the overtaxed money to the already overburdened residents,” said Legislator Gaylor. “Revoking the PILOT agreement was just the first step. We must continue to fight until every dime is returned to the taxpayer.”


Visit Legislator Gaylor’s webpage

Santino, Blakeman Move to Protect Valley Stream Taxpayers

Town Filing Suit Against Local IDA Over Green Acres Mall Property Tax Reduction Deal


Supervisor Anthony J. Santino and Councilman Bruce Blakeman today announced that Hempstead Town will sue the town’s Industrial Development Agency to nullify an agreement between the Agency and the owners of the Green Acres Mall, which effectively reduced the property taxes paid by the mall’s owners through a PILOT (Payment In Lieu of Taxes) agreement. Santino and Blakeman said they are taking action to protect local taxpayers.


“Respecting taxpayers has been the hallmark of my administration since being sworn in as Hempstead Town Supervisor in January,” said Santino. “I take my responsibility of fighting for taxpayers, open government and transparency very seriously. These principles are at the core of the lawsuit that we will file against the IDA.”


The officials have stated that the Industrial Development Agency’s procedures evidenced jurisdictional defects in failing to provide public notice to various governments that would be impacted by the agreement. Further, Santino and Blakeman observed that the IDA Board’s actions in granting the PILOT to Valley Stream Green Acres LLC, the mall’s owner, were arbitrary and capricious.


“Valley Stream middle-class families and seniors should not have to suffer or pay one penny more in taxes because the IDA did not properly do its job,” said Blakeman. “The IDA has failed in its duty to adequately notify affected taxpayers and clearly detail the impact of this agreement on local property owners.”


The Supervisor and the Councilman said that their lawsuit seeks to rescind the PILOT agreement, restore the mall to the tax rolls and cause new public hearings to be held on the issue. Prior to announcing the lawsuit, the Supervisor and Councilman had called upon the IDA Board to re-open the hearing on the matter and to retain an economist to re-examine the impact of the PILOT agreement on local taxpayers.


“Valley Stream taxpayers deserve to have their voices heard, and the IDA’s failure to notify local governments who were affected limited their voice on the Green Acres Mall deal,” concluded Santino. “Councilman Blakeman and I will continue to fight for taxpayers. This lawsuit will give voice to frustrated Valley Stream home owners.”


Visit the Town of Hempstead website

IDA’s Job Creation Initiatives Featured On WLIW TV’s ‘Long Island Business Report’

Nassau County Executive Edward P. Mangano announced that his economic development teams’ success with job creation will be featured on the “Long Island Business Report” on public television WLIW. On the show, which airs on Channel 21, Nick Terzulli, Director of Business Development at the Nassau Industrial Development Agency, describes the Mangano administrations’ success in creating 25,000 new jobs.


Nassau County leads the State of New York with the lowest unemployment rate, at 4.2%, down from 7% in 2010. This success is also attributed to the IDA’s economic development plan which aggressively solicits companies to establish their headquarters here; trumpets Nassau’s quality of life and increased housing opportunities to provide forums for residents to obtain employment.


To assist growing companies, the Mangano administration and IDA have incentivized the private sector to increase much-needed rental housing for families and seniors. More than 3,500 new apartments have opened or are now under construction in Nassau, with more than 1,000 units being constructed through incentives to convert vacant office space into apartments near transit centers.


The show can be viewed on:


  • Wednesday, May 18th at 7:30 p.m.
  • Friday, May 20th at 5:30 p.m.
  • Sunday, May 22nd at 9:30 a.m.


It also is available for viewing at www.wliw.org/programs/long-island-business-report


Visit County Executive Mangano’s webpage