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.'
A midsized firm can buy up to the higher price/quality feature set of a Vision 5000 system through a straight lease
from Nu Vision Technologies, Inc., a subsidiary of NV Holdings, wholly-owned subsidiary of TANDBERG.
During negotiations, an unsolicited proposal for a BOT arrangement may be modified to a build-transfer-operate, a BOT to a JV or JV to a straight lease
As part of the financing package, Morel secured LJJ NYC Industrial Development "Straight Lease
" benefits in the form of significant property tax savings and Mortgage Recording Tax Waivers.
Robert Morel, director of financial services and co-founder of City One Real Estate, LLC, recently structured and secured New York City Industrial Development "Straight Lease
" benefits for Acme Metal Cap Corporation as part of a major renovation project at the facility located at 33-53 62nd Street, Woodside, NY.
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.
Robert Morel, of City One Real Estate and Financing, recently structured and secured New York City Industrial Development "straight lease
" benefits for Murray Feiss Industries' construction of a 90,000 SF building in the Bronx.
Morel also arranged for Industrial Development Authority (IDA) Straight Lease
Program benefits for their client.
Also seen as a lure to attract and retain companies to the boroughs are the incentive packages offered through the City of New York economic development programs, which recently introduced major changes such as the "straight lease
program," with a recognition for the need on the part of our municipality to compete with our tri-state neighboring jurisdictions.
"On a straight lease
, they may not have had these extras," he said.