Islip Town looks to hike developer's taxes
Photo credit: Handout | The Heartland minicity project in Brentwood is among those on Long Island getting support from the Long Island Regional Economic Development Council in its proposal to the governor. The agency is competing for $40 million to be given regionally. (March 2011)
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Islip Town officials may increase the property taxes on the stalled $4 billion Heartland project under a tax-abatement agreement that could be approved later this month.
The town is negotiating with the developer to increase the tax payments of the multimillion-dollar break, which has expired.
Contingent on the deal, town officials said Wednesday, is the blessing of officials in the...
