May 23, 2022

Suffolk IDA awards tax breaks to one warehouse but makes no decision on another


In 30 minutes, the Suffolk County Industrial Development Agency approved millions of dollars in tax breaks for one warehouse project but couldn’t muster the votes to decide the fate of another.

The warehouses differ in size and the number of employees that would work in them.

But the projects are similar in many ways: Both are from large development companies that are relatively new to Long Island. They would be located in the county’s western half. Neither yet has tenants. The warehouse workers would earn about $40,000 per year.

The IDA board voted unanimously last week to give final approval for $2.4 million in tax breaks to the Venture One Real Estate LLC. warehouse in Hauppauge. However, there weren’t the necessary four votes to grant or deny final approval for $8.7 million in tax breaks to the Hartz Mountain Industries Inc. warehouse on Spagnoli Road in Melville.

The Hartz project was supported by three board members and opposed by two. So, the resolution neither passed nor failed, said IDA executive director Anthony J. Catapano.

Read more at Newsday…