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Friday, july 10, 2015
Vol. 64, No. 28
N E W H Y D E PA R K
mediA / litmor A blAnk slAte speciAl section
publicAtions
july 10, 2015
It’s Never Too Late from a late
How to rebound start to saving for retirement
r Talk Ticke your heart running Keep strong well into your golden years
Revisiting Your Regimen Trendy exercises to rev up your workouts
Guide to GcP-nhP re-eLect LivinG 50+ GentiLe, deL santo
PoLs BLast Gun-shaPed cases
paGes 29-41
paGe 6
paGe 2
Nassau ida lags behind other counties
prOGress
Westchester, Suffolk generated jobs at lower cost from 2010-12 By B i LL san antonio The Nassau County Industrial Development Agency generated more jobs than its contemporaries in Suffolk and Westchester counties just once from 2010-13, despite regularly approving more projects and granting many millions more in tax breaks, a Blank Slate Media analysis of state comptroller data has found. Nassau’s IDA during that period also recovered from businesses a smaller percentage of the tax breaks it approved through payment-in-lieu-of-taxes agreements, also known as PILOTs, than their counterparts in Westchester and Suffolk counties. In 2013, the most recent year for which state comptroller data of IDA activity is available, the Nassau IDA granted $23,611 in exemptions for every job it gained, more than 10 times the state median and considerably higher than Suffolk ($644 per job) and West-
chester ($1,563 per job). That year, the Nassau IDA approved 278 projects worth more than $2.9 billion and granted $43,325,571 in net tax breaks, recovering 37 percent of the exemptions through pilots. Joseph Kearney, the Nassau County IDA’s executive director, told Blank Slate Media in early June that the IDA’s 2013 data was inaccurate and that updated figures would be submitted to Albany. Kearny said Tuesday the updated 2013 data has not been sent to the state comptroller’s office yet, and that they are waiting for three not-for-profit companies to send the IDA their numbers. He said the three companies were “not included in the last go around.” He said the IDA would reach out to the three companies Tuesday, adding he expected to submit the numbers within a week to 10 days. There are 109 active industrial Continued on Page 52
PHotos (C)2015 MARtHA GoRFEIN/www.MGPHotoCoNCEPts.CoM
Construction workers clear away brush at the future site of the RXR Realty’s Ritz-Carlton Residences in North Hills. see story on page 3.
Dealertrack deal delayed; CEO eyes $11.5M payout By a da M L i d G e t t Cox Automotive Inc. — the company that last month agreed to acquire the Lake Success-based Dealertrack Technologies Inc. – has withdrawn a federal filing to give the U.S. Department of Justice more
time to review the proposed acquisition. Cox Automotive announced Monday in a news release it withdrew its HartScott-Rodino Antitrust Improvements Act filing so the Department of Justice could review the proposed $4 billion
purchase of Dealertrack. The act requires companies file premerger notifications with the Federal Trade Commission and the Antitrust Division of the Department of Justice, according to the Federal Trade Commission’s website. Continued on Page 55
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