Brian Harrod Reports: YOUR TAX DOLLARS AT WORK: The Yonkers IDA (YIDA) Board of Directors voted final approval of financial incentives for a new CubeSmart self-storage facility to be built at 1060 Nepperhan Avenue.

The new CubeSmart self-storage building would be eight stories and include 100,000-square-feet of space.

The developer was approved for a mortgage recording tax exemption of approximately $231,573 and a sales tax exemption of approximately $444,846. However, a A future YIDA vote is expected to give a 30-year PILOT (payment in lieu of taxes) for the Central Park Avenue project. The Nepperhan Avenue site currently has a 9,820-square-foot building that houses the offices and factory for Health Products Corporation. The location serves as a production plant for vitamins and nutritional supplements. The company has been in Yonkers for the past 48 years. the developer is offering is to relocate Health Products company to a different site in Yonkers. The existing building will be demolished.... https://www.facebook.com/groups/YonkersNewswire/posts/3171011483156408/