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Links Roundup – Inside New York State Edition

June 24, 2013

Anthony Weiner demands New York City’s independence from public authorities
Capital New York
The former congressman, who’s running a surprisingly successful campaign for mayor, said today that he wants to reform the public authorities that govern so much that is integral to New York City. Take, for example, the Metropolitan Transportation
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CB9 calls for audit of Columbia’s Manhattanville commitments
CU Columbia Spectator
“We are demanding that the state of New York and the city of New York enforce the is being used—the West Harlem Local Development Corporation awarded $2

Troy Bomber’s Burrito Bar to feature outdoor dining patio
Troy Record
Planning and Economic Development Commissioner Bill Dunne said he believes they would receive funds from the New York Business Development Corporation

Saratoga County Industrial Development Agency among New York state IDAs
The Saratogian
The Saratoga County Industrial Development Agency is near the top of the list of New York IDAs that doled out the most financial assistance from 2008 to 2011, according to a state Authorities Budget Office report. In those four years, Saratoga County
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IDAs retain right to give out state tax breaks in budget win
Innovation Trail
A report from the State Authorities Budget Office released this month found IDAs gave out $5.6 billion in tax breaks from 2008-11.

CSEA Sues Saratoga County Over Nursing Home Sale
North Country Gazette
2013 · Leave a Comment BALLSTON SPA—CSEA – New York’s leading union to a local development corporation – a non-regulated shell corporation that they ….

Silver Announces SFY 2013-14 Budget Includes Nearly $10 Million
Saugerties Post Star
that we continue to make investments to further New York’s economic growth. to the Utica-Rome Region’s Griffiss Local Development Corporation,

Empire State Development announced $1.5 million in funding for
The Batavian
The Genesee Gateway Local Development Corporation (GGLDC), which serves as the GGLDC has completed five park developments across Upstate New York – each

EDC ends legal fight against state
Gloversville Leader-Herald
The EDC had sued the Authorities Budget Office after the office told the EDC it is a public agency and its records and meetings must be open to the public

Stop fighting for secrecy
Gloversville Leader-Herald
The EDC had claimed it is a private entity and not subject to the state Public Authorities Accountability Act of 2005. But the EDC last week withdrew its Article 78 petition against the state Authorities Budget Office. The petition was designed to
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Yankee Stadium Parking Operator in Hot Water
IVCPOST
The company issued US$237.6 million in municipal bonds back in 2007 through the Industrial Development Agency of New York City. The proceeds of the bond issue would be to build three garages and renovate two other existing ones. Unfortunately, the
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Yankee Parking Garage Misses $6.9 Million Payment on Opening Day
San Francisco Chronicle
Bronx Parking Development Corp. issued $237.6 million of municipal bonds in 2007 through New York City’s Industrial Development Agency to build three garages and renovate two others. The structures haven’t generated enough revenue and Bronx
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State Senator Malcolm Smith Busted in Scheme to Rig New York City
National Legal and Policy Center
officials to allow Smith to run for New York City mayor as a Republican. Meeks in a charity called New Development Local Development Corporation.

Regeneron Pharmaceuticals Announces Expansion in New York’s Hudson Valley
Sacramento Bee
The company had also considered expanding outside New York before the State stepped in with $8.5 million in tax credits through the Excelsior Jobs Program and the Town of Mount Pleasant Industrial Development Agency offered additional incentives.
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Fitch Affirms YMCA of Greater NY Revs at ‘BBB+’; Outlook Stable
Fort Mills Times
Fitch Ratings affirms approximately $32.3 million of outstanding New York City Industrial Development Agency (IDA) bonds, issued on behalf of the Young Men’s Christian Association of Greater New York (YMCA-NY or the association) at ‘BBB+’. The Rating
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Participating Agencies for Sandy Forum Growing
Patch.com
Office of Consumer Affairs; Department of Assessment; Health Department; Department of Emergency Management; Office of Constituent Affairs; Nassau County Industrial Development Agency; New York Legal Assistance Group; National Grid; Long Island
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New prohibition against tax breaks for retail projects easy to get around
Syracuse.com
The Syracuse Industrial Development Agency granted a 30-year property tax exemption to Central New York’s ultimate retail project, the expansion of the Carousel Center shopping mall, now named Destiny USA. The development agency deemed the mall,
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Valatie LDC striving for compliance with state rules
The Register Star
“The Valatie Local Development Corporation has been actively working to bring the organization into full compliance with the New York State Budget Office

State Authorities Budget Office rebukes Clifton Park IDA fund for refusing to
The Saratogian
A spokesperson for the Authorities Budget Office, a state watchdog group, said the fund is a local authority and therefore subject to the accountability and reporting requirements of the Public Authorities Law. The fund was started in 2009 with grant
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State Authorities Budget Office rebukes Clifton Park IDA fund for refusing to
The Saratogian
A spokesperson for the Authorities Budget Office, a state watchdog group, said the fund is a local authority and therefore subject to the accountability and reporting requirements of the Public Authorities Law. The fund was started in 2009 with grant
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One Comment leave one →
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