Last month Wolf and Lin, who designed the Vietnam Veterans Memorial in Washington, D.C., announced that they would acquire the jail for $1 million.
Their company filed a financial assistance application November 18 with the Yonkers Industrial Development Agency, which will consider the request at its December 11 meeting.
The application, filed by Cahokia LLC of New York City with Wolf listed as the manager, seeks an estimated sales tax exemption of $117,250 (typically for the cost of construction materials and office equipment) and an estimated $182,813 property tax break.
Construction to adaptively reuse the jail for offices, artists studios and an exhibition/events space is expected to cost $2 million and furnishings and equipment another $1 million, according to the application.
LoHud.com received a copy of Cahokia’s YIDA application today through a state Freedom of Information Law request.
The application estimates that the renovation will create 10-15 construction jobs.
The jail at 26 Alexander St. sits in a waterfront corridor that city officials have targeted for urban renewal.