An update regarding CIBS’ new EDAC initiative.

CIBS board member John Magnani and CIBS Secretary Michael Rosenfeld attended a session of the Nassau County Legislature where a vote was taken on an amendment to the lease for the Nassau Hub site to allow RXR to join BSE as master developers.

During the open public comments period Magnani read the following statement to the legislature:

“I am a proud resident of the Town of Hempstead. I am the head of the Commercial Division of Daniel Gale Sotheby's International Realty and member of the Commercial Industrial Brokers Society, the largest commercial brokers organization on Long Island.
We are in constant contact with all of Long Islands major employers and we hear their concerns, difficulties and desires. The most underlying and common topics are access to younger demographic employees, diversified housing stock and both Transit and Employment Oriented Districts offering more Live-Work-Play communities. From an economic standpoint, the multiplier effect of a $1.5 billion development means years of good paying architectural, engineering and legal jobs, additional years of good paying construction jobs and subsequent permanent jobs. This development will increase local tax base revenues without shifting the burden of property tax shortfalls to the residents. CIBS therefor endorses this project and would ask the Town Board to consider all that we have said before rendering any land use decisions.
Thank you.” ... See MoreSee Less

Message Page

1 day ago  ·  

Photo