He maintained that there was a strong appetite in Albany for changing them and said he does not expect them to be renewed in their current form. “The things need to be capped so that no one project can avail itself of hundreds of millions, if not over a billion dollars, the way Amazon was doing,” he told The Real Deal on Tuesday, “so I’d like to start there.”Īlthough ICAP’s sunset date is almost two years later than REAP’s, Gianaris said it made more sense to alter both programs at the same time since many reforms being discussed are similar. Michael Gianaris, who emerged as one of the leading opponents of the Amazon deal and has been widely credited (or blamed) for helping to kill it, says he is taking the expirations as an opportunity to reform the programs. New York’s Relocation and Employment Assistance Program – or REAP – and the state’s Industrial & Commercial Abatement Program – ICAP – are scheduled to sunset this summer and in early 2022, respectively.īoth programs were relatively obscure until they became part of the package designed to lure Amazon to New York in the tech giant’s nationwide “HQ2” hunt.īut now Queens state Sen. State lawmakers are looking to drastically scale back a pair of outer borough subsidy programs that became huge points of contention during Amazon’s attempted move to Queens. Michael Gianaris and Long Island City (NY Senate, Wikipedia)
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