Home News Nassau IDA votes to end property tax agreement with Amazon over lack of new jobs at Syosset warehouse

Nassau IDA votes to end property tax agreement with Amazon over lack of new jobs at Syosset warehouse

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Amazon lost millions in tax breaks for its Syosset warehouse in the former Sellowia, just off the Long Island Freeway.

The Nassau County Industrial Development Authority has decided to terminate the property tax agreement with the company.

The e-commerce giant said it would create 150 new jobs on its Robbins Lane site. This was part of a deal with Nassau County that gives the company about $11 million in tax credits over 15 years.

The deal is currently out of consideration because Amazon failed to deliver the promised new jobs at the not-yet-open Syosset facility.

The company told the Nassau County IDA that it plans to close its Bethpage facility and move hundreds of jobs from there to Syosset and elsewhere.

An IDA representative said the move wasn’t a new job and that Amazon didn’t keep its promises.

Millions of dollars the company earned from tax cuts will be returned to Nassau County.

IDA President Richard Kessel issued a statement, saying, “We are ending our PILOT agreement with Amazon. We will acquire new facilities in Syosset, where hundreds of people will work and return assets to the tax office. Sales and housing. We got back all the money we spent on the tax deduction for the loan, got hundreds of construction jobs to build this facility, and improved the environment…this is a home run for everyone.Thanks Amazon for their help increase.”

At Thursday’s board meeting, Kessel said Amazon will voluntarily agree to these new terms without filing a lawsuit and will pay back all profits it has received to date. He also reassured the Syosset School District that IDA will work with them to ensure they get the entitlement they receive on Amazon’s property tax roll.

Court Cousins, co-president of the North Syosset Civic Association, said he was disappointed the new jobs weren’t coming, but the replacement tax payments that Nassau County had expected as part of this year’s deal would continue. I hope that

“The IDA exists to make sure business development happens and good jobs come in, but the unfortunate reality is that if the IDA doesn’t exist, they will have to use force to try and get back the tax cuts. It can be a downside: Taxpayers, homeowners like you or me, or my neighbors left with the bill,” Cousins ​​says.

Nassau County Executive Bruce Blakeman said closing the deal would ensure taxpayers are protected.

“IDA’s vote to end Amazon’s economic interest arrangement was a valid exercise of IDA’s oversight responsibilities and, as a result, protected county taxpayers,” Blakeman said.

News 12 reached out to Amazon, which declined to comment.

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