NY A10044

Replaces the "tourism destination" exemption with a new "regionally significant project" exemption for retail-heavy projects seeking Industrial Development Agency (IDA) financial assistance

Requires an independent third-party cost-benefit analysis demonstrating the project provides more benefits to the community than costs before qualifying for the exemption

Projects must be likely to attract significant visitors from outside the economic development region and preserve or increase permanent private sector jobs in the state

Adds requirement that the chief executive officer of the city, town, or village where the project is located must confirm the agency's proposed financial assistance before it can proceed

Amends Section 862 of the General Municipal Law, which restricts IDA assistance for projects where retail facilities constitute more than one-third of total project cost