Brookhaven IDA OKs $16M tax break for Ronkonkoma Hub plan
A rendering of proposed new buildings on Main Street in the Ronkonkoma Hub project, near the Ronkonkoma Long Island Rail Road station. Credit: Town of Brookhaven, Tritec Real Estate
The Brookhaven Industrial Development Agency has approved a $16 million tax cut package for the Ronkonkoma Hub retail and residential project.
The package -- including exemptions from sales and use taxes on purchases of construction equipment and building material -- was approved unanimously during an IDA board meeting Wednesday.
The IDA board also approved plans allowing developer Tritec Real Estate of East Setauket to make payments in lieu of taxes for 25 years through 2042.
The $538 million project is expected to feature up to 1,450 apartments and 545,000 square feet of retail and office space on 50 acres near the Long Island Rail Road station in Ronkonkoma.
Many of the apartments will be priced to appeal to young people and seniors, officials have said.
Construction is expected to start next year and be completed in about a decade, officials have said.
Officials have said the Hub will revitalize a downtrodden business district near the train station, about a mile from Long Island MacArthur Airport.
Sarra Sounds Off, Ep. 38: State champions On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra, Michael Sicoli and Tess Ferguson recap the the state championships in baseball, boys and girls lacrosse, plus Jared Valuzzi has the plays of the week.
Sarra Sounds Off, Ep. 38: State champions On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra, Michael Sicoli and Tess Ferguson recap the the state championships in baseball, boys and girls lacrosse, plus Jared Valuzzi has the plays of the week.
