Practice Areas  |  Attorneys  |  News & Events  |  Publications  |  Contact Us

Sahn Ward Coschignano, PLLC

MATTERS OF INTEREST

Chris Coschignano

Firm Represents Safeguard Self-Storage Before Nassau County Industrial Development Agency

Firm Partner Chris Coschignano recently represented Safeguard Self-Storage, a national self-storage company headquartered in Atlanta, Georgia, before the Nassau County Industrial Development Agency in an application for financial benefits for a new project in the Village of East Rockaway. Mr. Coschignano was assisted by John Farrell and Nicolas J. Cappadora, an Associate with the Firm.

The IDA approved a fifteen (15) year PILOT which will provide Safeguard with substantial real estate tax savings by slowly phasing in property taxes over the term of the agreement. The project would not be economically feasible without the IDA's assistance and Safeguard will also receive a sales tax exemption worth hundreds of thousands of dollars on the purchase of all materials needed for the construction of the project.

In return, the county will benefit from Safeguard’s multimillion-dollar investment at an underutilized property to construct a 71,00-square-foot, state-of-the-art self-storage facility, as well as additional sales tax and employment opportunities for the residents of Nassau County.

Mr. Coschignano also successfully represented Safeguard before the Village of East Rockaway Zoning Board of Appeals in connection with variances needed for building height and off-street parking that allowed the project to move forward.

<< BACK TO MAIN PAGE


Nicholas Cappadora

Main Office: 333 Earle Ovington Boulevard, Uniondale, New York 11553 • Telephone: (516) 228-1300 • Telecopier: (516) 228-0038
New York City Office: 405 Lexington Avenue, 26th Floor, New York, NY 10174 • Telephone: (212) 829-4375
Syosset Office: 116 Jackson Avenue, Syosset, New York 11791 • Telephone: (516) 921-1000

© Copyright 2016. All Rights Reserved. SAHN WARD COSCHIGNANO, PLLC Attorneys At Law
Practice Areas | Attorneys | News & Events | Publications | Contact

This is New York Attorney Advertising. This enewsletter is designed for general information only. The information presented in this site should not be construed to be formal legal advice, nor the formation of a lawyer/client relationship. Prior results do not guarantee a similar outcome.