The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease
deals to encourage companies to either locate or expand in the Town of Brookhaven.
Sometimes it's just a straight lease
, where the base receives a monthly payment," Wray said.
Vital talks are being held in Bristol next week and Mike Smith, executive secretary of the Amman Valley Railway Society, said yesterday, 'Our prime concern is to get a straight lease
of the track.
Morel, co-founding partner of City One, structured this financing package with a mezzanine lender and also secured New York City Industrial Development Agency Straight Lease
benefits, conferring significant property tax abatements on the operating entity.
Morel also arranged for Industrial Development Authority (IDA) Straight Lease
Program benefits for their client.
On a straight lease
, they may not have had these extras," he said.