The “revolutionary” green bond financing for the ambitious Destiny USA mega-mall project in Syracuse, New York may lose its tax-exempt status because the developer has failed to incorporate certain green design features as promised in its application to the IRS for the exemption.
Tag Archives | Syracuse
It’s Complicated: New York City Green Buildings Balk At, Earn LEED Certification
By Stephen Del Percio on February 22, 2011 in LEED Commentary, Manhattan, Market Analysis, New York City, Upper West Side
With Henry Gifford’s lawsuit against USGBC as an early 2011 backdrop to the local green building scene, New York City buildings of various sizes and uses are simultaneously earning and not pursuing formal LEED certification.
Appellate Division Grants Preliminary Injunction Based on Project’s “Revolutionary” Green Construction Financing
In a decision with implications for owners and lenders, the Appellate Division for New York State’s Fourth Department recently upheld a preliminary injunction in favor of the Destiny USA development in Syracuse based explicitly on the project’s green features.
