New Rochelle School District pays out again to developer.
Everyone remembers the tax abatements for the Home Depot that were given to a developer back in the 90’s. Much to my surprise, I was at the New Rochelle School Board Meeting the other night and what was on the agenda, a resolution for approval of another certiorari reduction/payback in taxes.
As I opened my mailbox last evening I thought I was the recipient of yet another election campaign mailer. I was wrong. It was a mass mailing from Forest City Residential Group about their proposed Echo Bay Development. The address was from their offices at 1 Metrotech Center in Brooklyn. Let the self-serving promotions begin. Pretty soon we will see the full page ads in the Journal news.