Chair Louis relays Ressler's questions on light manufacturing tenants and 485X tax abatement
Louis relays Ressler's question about identifying light manufacturing tenants by working with Evergreen, North Brooklyn Business Exchange, and Greenpoint Manufacturing and Design Center; Cozen confirms the commitment. Louis asks about 485X; Cozen says it remains an open question whether 485X will be pursued given the partial conversion and enlargement nature of the project.
The borough president has asked that you identify light manufacturing tenants that can occupy the building's commercial spaces.
Will you make best effort to do that, including working proactively with Evergreen, North Brooklyn Business Exchange, and Greenpoint Manufacturing and Design Center to identify tenants?
Yes, the applicant has made that commitment to the borough president and to the commissioner Osorio at the city planning commission.
Perfect.
Are you using 485X?
If so, does the project you propose already consider 485X?
At current?
Because this is a partial conversion and a partial enlargement, it is still an open question whether 485X will be, as a tax abatement program, will be looked to.
So we don't have that answer at this time.
Got it.