Queens door manufacturer considers leaving city after eminent domain seizure

TRD New York /
Oct.October 21, 2011 01:32 PM

The owners of a door manufacturer in Maspeth, Queens say they are strongly
considering leaving the city due to lack of financial incentives after losing their property to eminent domain, the New York Daily News

The state New York Department of Transportation seized the company’s land, on 43rd
Street between 55th Avenue and 54th Road, in September 2010 to make
way for a new bridge to replace the aging Kosciuszko Bridge.

The company, Karp Associates, rejected a state offer of $445,000 in
state tax credits and grants June 29 — that was dependent on Karp retaining 120 jobs
and invested $3.5 million into a new facility. The company wasn’t
eligible for more money because it wouldn’t be bringing new jobs into
the state. “We did everything possible to keep these jobs in New York,”
a spokesperson for the Empire State Development Corporation, said. “We
offered them the maximum funding they were eligible for under state

George Kosser, Karp’s vice president of operations, said he would
prefer to stay in Queens, but “it costs money to operate a business in
New York City that doesn’t exist in other places.” Owner Adam Gold
said none of the New York agencies “offered the same incentives that a
business from New Jersey would be offered… to move to New York

About 12 states have expressed interest in having the company move there, Kosser said,
with New Jersey the front-runner. The company could also move to a
Melville, L.I. property it acquired in July, but only if the state
raises its offer. [NYDN]

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

A portion of Fisher’s New Mexico fence for We Build The Wall

Great deal or ecological disaster? A private “border wall” rises in Texas

Researchers and their “living concrete”

This “living concrete” could revolutionize real estate on earth, and in space

Budapest (Credit: Pixabay)

This European city has the world’s fastest rising home price

(Credit: iStock, Wikipedia)

CBRE to open first Northeast co-working location in Philadelphia

Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi, Softbank CEO Masayoshi Son, and former British Prime Minister Tony Blair (Credit: Getty Images)

Masa Son, the crown prince of Dubai and Tony Blair walk into a bar and decide to build a $34B city in Asia