Posted on 04/03/2005 7:11:27 AM PDT by NativeNewYorker
New state guidelines threaten to yank hundreds of millions of dollars in tax credits from some of the city's biggest new developments, including the New York Times tower planned for Eighth Avenue in Midtown.
Under the state's 2003 brownfield law, which gives tax breaks for cleaning and building on contaminated land, the Times is in line for up to $170 million in breaks.
(Excerpt) Read more at nypost.com ...
The UN should be next.
Tear down the UN, one of NY's most contaminated areas, and erect a porn mall--that'd be a definite improvement over what's there.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.