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Board members say new Triangle apartment project will be net revenue generator for Westbury schools
Summary
During public comment at the Sept. 9 meeting, district leaders and a resident discussed an apartment project in the Triangle area; officials said the development is projected to generate about $13 million in tax revenue over 20 years and was expected to add between seven and 15 students.
Board members and a resident discussed an apartment development in the Triangle area across from Linden Avenue during public comment at the Sept. 9 meeting, with district leaders saying the project should generate net revenue for the school district over time and include a negotiated one-time payment to the district. Board President Robert Treano Jr. told the meeting the underdeveloped property currently pays roughly $300,000 in taxes; once developed, the project could generate about $13 million in additional tax revenue to the district over the next 20 years, according to…
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