A long-delayed sports and medical complex in Kings Park received a boost Thursday when Suffolk County granted tax breaks and bond financing to the $47 million project.
The county’s Industrial Development Agency awarded $1.8 million in tax incentives to a proposed 50,000-square-foot medical office building. Most of the benefit will come from a property tax savings of $1.1 million over 15 years, or 28% reduction.
The office building will only house businesses engaged in sports medicine and rehabilitation, including, possibly, urgent care provider ProHealth Care, according to project attorney Daniel P. Deegan.
The $11.8 million building will be on a former sand mine at 350 Old Northport Rd. At least 100 people will work there, earning $127,000 per year, on average, records show. Continue reading at Newsday…