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CONSTRUCTIONPENDING

Westchester County IDA Meeting Minutes March 2024

Morgan Stanley Seeks $28.5M IDA Incentives for Harrison Campus Expansion

Up to $28.5 million in incentives (including up to $15 million sales tax exemption, including $5 million County tax revenue, and PILOT property tax incentive previously negotiated; $9.5 million County tax revenue)Westchester CountyMS HARRISON LLCMarch 20, 2024

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Description

MS Harrison, LLC, a Morgan Stanley subsidiary, has applied to the Westchester County IDA for up to $28.5 million in incentives—including sales tax exemptions and a PILOT—to expand and renovate its Harrison campus. Approval of financial assistance is pending a final resolution.

Contract Details

Contract Amount

Up to $28.5 million in incentives (including up to $15 million sales tax exemption, including $5 million County tax revenue, and PILOT property tax incentive previously negotiated; $9.5 million County tax revenue)

Vendor

MS HARRISON LLC

Agency

Westchester County, NY

Contract Type

CONSTRUCTION

Document Date

March 20, 2024

Contract Term

Multiyear project; duration not explicitly stated (multi-phased, multi-year)

Renewal Info

Amended Project expands scope of 2020 original approval; final approval and amendment pending future action.

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