The Real Deal New York

Telecommunications firm Altice wants IDA tax breaks for $60M facility renovation in Bethpage

November 12, 2018 12:07PM

Telecommunications giant Altice USA wants to get millions of dollars in tax breaks from the Nassau County Industrial Development Agency for a $60 million renovation of its Bethpage facility, according to Newsday. The agency gave preliminary approval on Nov. 8. Altice is moving its headquarters to Long Island City and wants to consolidate its five satellite offices in the 528,000-square-foot Bethpage building. Altice, which acquired Cablevision Systems in 2016, also wants the incentive package to cut its taxes over a decade and a sales-tax exemption of up to $2.5 million on the purchase of building materials. [Newsday]