While Gov. Hochul vowed to provide funding to adequately finance MTA projects, at press time no firm plans have been released.
According to the FBI’s 2023 Internet Crime Complaint Center Report, there were more than 101,068 complaints filed by individuals over 60 years old resulting in more than $3.4 billion in losses in 2023.
A well-known business leader, Weale was perhaps best known for co-founding Country Bank in Carmel and later serving as President and CEO of the Putnam County Economic Development Corp. for 13 years.
VALHALLA—The Mount Pleasant Industrial Development Agency voted at its July 29th meeting final approval of financial incentives for the construction of a three-story building with 16 apartments and underground parking located at 500 Commerce St. in Hawthorne.
The residential project, which received preliminary approval at the IDA’s June 2 meeting, represents a total private investment of $7.3 million. The project is expected to create 40 construction jobs. In addition, it will generate significant tax revenue for the school district and town. The IDA approved a sales tax exemption estimated at $290,000. The IDA states that the project is seen as an important step toward the revitalization of the Commerce Street corridor between Hawthorne and Thornwood.
The project, which is conveniently located near the Metro-North train station, is being built on the site of a former restaurant. The building will enhance the streetscape along Commerce Street with the addition of new sidewalks. The approximately 36,275-square-foot multi-family building is being built by local developer John Piazza.
“This development perfectly aligns with our Master Plan for revitalizing the Commerce Street corridor. People have been talking about creating a revitalized and walkable corridor along Commerce Street. Now with this exciting new project we are taking significant and meaningful steps toward making that a reality,” said Town Supervisor Carl Fulgenzi who serves as IDA Chairman.
While Gov. Hochul vowed to provide funding to adequately finance MTA projects, at press time no firm plans have been released.
A well-known business leader, Weale was perhaps best known for co-founding Country Bank in Carmel and later serving as President and CEO of the Putnam County Economic Development Corp. for 13 years.
Existing-home sales in the Northeast in June withdrew 2.1% from May to an annual rate of 470,000, a decline of 6% from June 2023.
One requirement of the law mandating the use of written contracts for compensation will impact NYS brokers significantly.
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