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A detailed look into the 30-year tax deal for new SU bookstore

Rebecca McGovern

A detailed look at how the 30-year tax-exemption deal for the bookstore will work.

By Marwa EltagouriStaff Writer

Last week, the Syracuse Common Council voted 5-4 in favor of a 30-year payment in lieu of tax agreement, or PILOT, for a new Syracuse University bookstore.

The PILOT was first proposed in March when it was approved by the Syracuse Industrial Development Agency, but it did not pass then. Passing the PILOT was controversial because the bookstore would be built by Cameron Group LLC, a private development company, rather than the tax-exempt university.

Click on the image for a detailed look at how the 30-year tax-exemption deal for the bookstore will work.





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