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Yonkers Mayor Defends Brownfield Incentives

ALBANY-Yonkers Mayor Philip Amicone testified before a state legislative committee urging lawmakers not to cut Brownfield redevelopment incentives.

By John Jordan | Updated on September 26, 2007

ALBANY-With a more than $3-billion waterfront redevelopment project in the approval process and expecting significant brownfield redevelopment incentives from New York State, Yonkers Mayor Philip Amicone testified before a joint session of the Assembly and Senate Environmental Conservation committees on Tuesday that those funds are critical in attracting investment to urban areas across New York State.

Amicone, along with Bill Struever, a partner in the multibillion-dollar Struever-Fidelco-Cappelli redevelopment project that is currently before the Yonkers City Council, submitted testimony to the Senate panel arguing against a plan forwarded by the Spitzer administration that would eliminate brownfield incentives that reimburses developers of up to 22% of the project cost. Those incentives are currently granted in addition to tax credits given for the environmental cleanup of the brownfield site.

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