CommitteePort Chester

Industrial Development Agency

Track committee activity, current roster, and published meeting coverage for Industrial Development Agency in Port Chester.

0 active membersNext meeting Sep 9, 2026Last meeting Aug 19, 202614 summaries in 30d

Summaries

Active roster

Latest activity

Aug 21, 2026

Municipality

Port Chester

Latest coverage

IDA Reviews Development Assistance Application

Published Aug 21, 2026

Related summaries

Published meeting coverage connected to Industrial Development Agency.

Briefing

Jul 22, 2026

IDA Reviews Development Assistance Application

The Port Chester Industrial Development Agency reviewed a reasonableness report and due-diligence materials for Embassy Equity Partners LLC’s assistance application, but the minutes do not record a decision on the application.

1 min readMunicipal coverage

Briefing

Jul 8, 2026

Agency Approves Project Assignment Fee

The IDA approved a resolution establishing a fee for project assignments under its assignment policy, but the minutes do not state the fee amount. It also approved an assignment resolution for the enhancement project at 131 Irving Avenue, approved an ADA compliance tool for its website, and approved related budget amendments.

2 min readMunicipal coverage

Briefing

Jun 10, 2026

IDA Approves Monthly Invoices

The Port Chester Industrial Development Agency approved its monthly invoices by a 5-0 vote, with two members absent. The agency also received updates on development projects, compliance, applications, planning, finances, and information technology.

1 min readMunicipal coverage

Briefing

May 13, 2026

IDA Advances Embassy Project Application

The Port Chester Industrial Development Agency approved an initial project resolution for Embassy Equity Partners LLC’s project at 128 N Main St., with six members voting yes and none opposed.

1 min readMunicipal coverage

Briefing

Apr 8, 2026

IDA Reviews Project Jobs Shortfall

The IDA sent a compliance letter to the 16-18 North Main Street project over a shortfall in pledged job creation and is awaiting a response by the end of April. The agency expects to review the response in May and added a project-monitoring acknowledgment to future financial-assistance applications.

1 min readMunicipal coverage

Briefing

Mar 11, 2026

IDA approves enhanced hotel tax benefit

The Port Chester Industrial Development Agency approved a project-authorizing resolution for RMS Port Chester Hotel LLC, including a 20-year enhanced PILOT, or property-tax payment agreement, for the hotel component of Westchester Crossing.

2 min readMunicipal coverage

Briefing

Feb 11, 2026

Draft Agency Budget Sent to Full Board

The committee recommended sending the draft FY 2026–2027 Port Chester Industrial Development Agency budget to the full board without objection.

1 min readMunicipal coverage

Briefing

Jan 14, 2026

IDA Accepts Hotel Project Assignment Application

The Port Chester Industrial Development Agency accepted the initial project, assignment request, and supplemental application for the Westchester Crossing Hotel Pad project. The board also authorized January invoice payments and budget transfers and amendments.

2 min readMunicipal coverage

Briefing

Jan 14, 2026

IDA Keeps 13 Policies Unchanged

The Governance Committee accepted the Industrial Development Agency’s 13 current policies without change, with four members voting yes and no opposition or abstentions.

1 min readMunicipal coverage

Briefing

Dec 10, 2025

IDA Reviews Potential Hotel Project

The IDA received a presentation on RMS Properties’ potential Westchester Crossing Hotel project, but the minutes record no vote or approval on the proposal. The board approved prior meeting minutes and monthly invoices; invoice amounts were not provided.

1 min readMunicipal coverage

Briefing

Nov 12, 2025

IDA Delays CoStar License Decision

The Industrial Development Agency tabled a decision on purchasing CoStar commercial real estate database licenses until its December meeting, allowing time for full-board review and consideration of alternatives. The Board also agreed to revisit a policy encouraging local labor and vendors on agency-supported projects.

1 min readMunicipal coverage

Briefing

Oct 8, 2025

Station Lofts Approval Extended One Year

The IDA approved a one-year extension for Station Lofts Owner, LLC’s project approvals at 67 New Broad Street, which were scheduled to expire on December 31, 2025.

1 min readMunicipal coverage

Briefing

Sep 10, 2025

IDA Reelects Officers and Tracks Project Closings

The IDA re elected all officers and reappointed its committees while approving updated five year budget projections. Members were told that 2SM LLC had completed its capital stack and was ready to proceed toward closing, while several other projects were targeted for October closings.

2 min readMunicipal coverage

Briefing

Aug 13, 2025

IDA Approves 30 Broad Ownership Change

The Port Chester Industrial Development Agency approved a reassignment of ownership and agent status for the 30 Broad project, which the minutes say is fully capitalized and moving toward completion after financial delays. The board also approved its financial statements and PARIS filings, adopted a remote-participation policy, and agreed to review projects with job shortfalls through due diligence and public findings.

2 min readMunicipal coverage