Jul 27, 2014
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Nassau Approves Tax Incentives for Hilton Garden Inn in Port Washington

Nassau Approves Tax Incentives for Hilton Garden Inn in Port Washington

Nassau County green-lit tax incentives Tuesday for a proposed a 165-room Hilton Garden Inn at an industrial park in Port Washington.

The project will create 300 full-time-equivalent construction jobs and, once completed, 62 permanent jobs, according to the county.  It is expected to generate total economic benefits of $6.4 million.

The proposed hotel, to be constructed by Roslyn O-S, will receive as much as $950,000 in sales-tax exemptions for procuring such items as building materials, furnishings and more, Newsday reported. In addition Nassau’s Industrial Development Agency will waive $210,000 from the mortgage recording tax.

“This hotel project is important to Nassau County as it creates new jobs for our residents, provides a convenient place to stay for business and leisure visitors in a part of the county where hotel rooms are scarce, and eliminates community blight in this industrial area while generating millions in economic benefit for the community,” County Executive Ed Mangano said, in a statement.

The new hotel will replace an abandoned sports facility in Harbor View Corporate Park – near the headquarters of research firm NPD Group and Pall Corporation.

The Hilton Garden Inn would be the first branded hotel in northwestern Nassau County, officials said, and has already received the necessary approvals from the Town of North Hempstead.  Construction is expected to begin within 30 days of the closing of the economic development package and last 13 months.

“This property has been vacant for many years and without the IDA’s assistance it is unlikely that this project would be undertaken,” said Joseph Kearney, Executive Director of the IDA.

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