The Suffolk County Landbank Corp. is soliciting proposals for the redevelopment 8 of tax-delinquent brownfield sites in Islip, Babylon, and Smithtown on Long Island, New York.
This redevelopment process will include a successful proposer receiving a tax lien via the Suffolk County Landbank, and perfecting this lien interest to obtain fee simple absolute title to the premises utilizing Suffolk County Treasurer’s administrative process pursuant to Suffolk County Tax Act §53.
The sites have been tax-delinquent for an average of 19 years and all together owe over $11 million in taxes, according to a news release. What is set to be a public-private partnership “will help revitalize communities by returning blighted properties into productive, tax-paying parcels that would help create jobs and improve quality of life,” the news release states. More than $570,000 in yearly property taxes could be collected from the properties once they are back on the tax roll.
The eight sites are:
- Former Hubbard Power and Light, 1600 5th Ave, Bay Shore, NY
- Former Gas Station, 1490 Brentwood Rd, Bay Shore, NY
- Former Lawrence Junkyard, 156 Grant Ave, Islip, NY
- Former Liberty Industrial Finishing, 500-550 Suffolk Ave and 1st St, Brentwood, NY
- Former Serv-All Laundry, 8 Drayton Ave, Bay Shore, NY
- Former Stein and Giannott/Medigen, 95 Eads St, West Babylon, NY
- Former Jericho Marine, 269-271 Montauk Hwy, Lindenhurst, NY
- Former Steck-Philbin Landfill, Old Northport Rd, Kings Park, NY
“We are thrilled to announce that these eight blighted, brownfield sites will soon be restored to productive use in their respective communities,” Suffolk County Legislature Presiding Officer DuWayne Gregory, who sponsored the legislation that created the Landbank, said in a statement.
Due date for proposals: March 18th, 2016.