The Real Deal New York

Two White Plains projects get preliminary approval on tax breaks

December 27, 2018 11:22AM

A pair of developers with projects in White Plains have secured preliminary approval for a total of $5 million in tax breaks, LoHud reported. Ginsburg Development Companies, which is planning a mixed-use development called City Square at the former site of the Westchester Financial Center, got preliminary approval for $3.8 million in sales and mortgage tax exemptions from the Westchester County Industrial Development Agency. The IDA also granted preliminary approval for $1.2 million in exemptions to Hale WP Owner, which plans to use vacant lots on Hale Avenue to build two apartment buildings housing a total of 127 apartments. The tax breaks must be discussed at a public hearing before the IDA can give them final approval, according to the outlet. [LoHud]