Brewer on 485X tax abatement concerns and developer uncertainty
Brewer discusses the developer's dislike of the 485X tax abatement, uncertainty about whether the project will be built, and the existing active union jobs on the site.
So the other issue was, I guess Mr.
Freeland, along with everybody else in the development world, hate 485X.
They don't like this new property tax exception that was negotiated and passed in Albany.
them figure it out what's going to happen.
That's not my problem.
But owner has stated that a 485X property tax is not renovated, I shouldn't renovate it, is not enacted in a different way.
He's not gonna build.
Right now there's a good,
storefront, meaning there's a ground floor auto repair, auto sales, which is an excellent union jobs, and there's a commercial building on one of the sites.
So it's active currently.
It's not like they're vacant lots.
So I don't know what's going to happen if this thing will ever get built.
It all depends on 485X.
They don't like, the developers don't like the union portion of that bill, and they don't like that you have to be 100 units, and then above that, you've got to follow 485X labor law.
So I think a lot of folks are building at 99 units, but not here.