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Long IslandNassau

Garvies Point project may not have to pay as much to schools, county

RXR Realty wants to transform the shores of

RXR Realty wants to transform the shores of Hempstead Harbor in Glen Cove into a mixed-use development. Photo Credit: RXR Realty

The Glen Cove City School District Board and Nassau County Legislature on Monday are to consider measures that would give the schools and county less revenue from the Garvies Point waterfront redevelopment than they typically receive from real-estate projects.

Monday's school board meeting starts at 7:30 p.m. at Robert M. Finley Middle School.

In addition, the school board is holding a special, previously unscheduled meeting at 8 a.m. today. A board announcement reported members will immediately move from a public meeting to executive session, which is not open to the public. Supt. Maria Rianna declined to identify the subject of the meeting, saying in an email that it “speaks to attorney-client privilege.” She said no vote or public meeting is planned after the executive session.

Uniondale-based RXR Glen Isle Partners LLC is planning to build 1,110 condos and apartments, parks, stores, offices and marinas along Glen Cove’s waterfront. The Glen Cove Industrial Development Agency approved hundreds of millions of dollars in tax breaks for RXR, in the form of payments in lieu of taxes.

Glen Cove typically receives 29 percent of taxes or PILOTs but is proposing to receive 39.5 percent from Garvies Point. The schools’ portion would drop from 62 percent to 52.7 percent and the county’s share would drop from 7.5 percent to 6.4 percent. The distribution to the Glen Cove Public Library would decrease from 1.5 percent to 1.4 percent. 

Two Nassau County legislative committees Monday approved the change in allocation. The full Legislature is slated to discuss and likely vote on the proposal at its 1 p.m. meeting Monday in the legislative chamber.

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