Governor Cuomo has signed legislation which authorizes local governments or school districts to provide a real property tax exemption for new green building or renovation projects constructed after January 1, 2013 by local law, ordinance, or resolution.
Welch Allyn, a New York-based manufacturer and distributor of medical supplies, was recently able to capitalize on the soft commercial real estate market by negotiating green building upgrades in connection with a 100,000-square-foot office renewal in Beaverton, Oregon.
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.
A recent study published in the Forest Products Journal identifies a lack of FSC-certified wood products as creating a green construction “bottleneck,” and calls on USGBC to open up its MR-7 Certified Wood credit to alternative forest certification regimes.
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.
Swift Wind Turbines, as these devices are known, are designed specifically for rooftop operation and are being tested in Albany for viability throughout New York State.
The Department of Transportation’s Green Leadership In Transportation and Environmental Sustainability program is based on LEED and the first of its kind anywhere in the country aimed specifically at sustainable transportation design.
Based in what it believes is prime wind energy country upstate, the company plans to move into the fledgling market for smaller scale, residential wind turbines beginning this fall.
The program is offered through NYSERDA and offers interest rate deductions on loans supporting energy efficiency improvements to real property.
Proposed amendments to New York State’s Brownfield Cleanup Program Act could significantly increase the amount of available tax credits for Empire State developers.