Posted on 10/02/2016 6:29:02 AM PDT by Alberta's Child
The New York Times Building is a skyscraper on the west side of Midtown Manhattan, New York City that was completed in 2007. Its chief tenant is The New York Times Company, publisher of The New York Times as well as the International New York Times, and other newspapers. Construction was by a joint venture of The New York Times Company, Forest City Ratner (Forest City Enterprises's New York subsidiary), and ING Real Estate.
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The site for the building was obtained by the Empire State Development Corporation (ESDC) through eminent domain. With a mandate to acquire and redevelop blighted properties in Times Square, ten buildings were condemned by the ESDC and purchased from their owners. Some owners sued, asserting that the area was no longer blighted, but lost in court. Once the 80,000-square-foot (7,400 m2) site was assembled, it was leased to The New York Times Company and Forest City Ratner for $85.6 million over 99 years (considerably below market value). Additionally, The New York Times Company received $26.1 million in tax breaks.
(Excerpt) Read more at en.wikipedia.org ...
I just wanted to post this so everyone knows how the New York Times conducts business in New York City. They apparently never saw a tax break they didn't like.
http://www.reuters.com/article/us-new-york-times-warrants-carlos-slim-idUSKBN0KN2M820150114
Wed Jan 14, 2015 | 6:31pm EST
Carlos Slim becomes top New York Times shareholder
Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co (NYT.N) after exercising warrants to double his stake in the publisher to 16.8 percent.
How about also from all of those papers that Jayson Blair helped to sell, eh?
Carlos Slim? Sounds like a male porn star.
Trump has talked about the failing NY Times real estate fiascos in the past...he used to ridicule them for it on a regular basis at his rallies.
Of course the elites (especially liberal ones) have always been about “it’s good for thee, but not for me”.
Consider Barbara Streisand’s hilarious incident where she said everyone ought to dry their clothes on a line hanging outside. When asked if she were going to do that, oh no, heaven forbid.
Same with Gore and his mansion and all the electricity it guzzles, and his numerous flights everywhere. Man thinks you and I ought to pay through the nose and be rationed electricity, but not him.
And here we see the same thing at play with NYT. No surprise. Tax breaks bad for thee, great for me.
Elites, especially Democrats, have always been enormous hypocrites.
He IS Mexico.
https://en.wikipedia.org/wiki/Carlos_Slim
Carlos Slim Helú; born January 28, 1940) is a Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. As of 31 July 2016 he was #7 on Forbes list of billionaires, with a net worth estimated at US$50 billion.
Slim is the chairman and chief executive of telecommunications companies Telmex and América Móvil, Latin America’s largest mobile-phone carrier, which accounted for around $49 billion of Slim’s wealth by the end of 2010.
Slim’s conglomerate comprises a diverse portfolio of businesses from a wide array of industries that include education, health care, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-technology, retail, sports and financial services.
Slim has overseen a vast business empire that is influential in every sector of the Mexican economy and accounts for 40% of the listings on the Mexican Stock Exchange,] while his net worth is equivalent to about 6 percent of Mexico’s gross domestic product.
Slim’s growing fortune has been a subject of controversy, because it has been amassed in a developing country where average per capita income does not surpass US$14,500 a year, and nearly 17% of the population lives in poverty. Critics claim that Slim is a monopolist, pointing to Telmex’s control of 90% of the Mexican landline telephone market. Slim’s wealth is the equivalent of roughly 5% of Mexico’s annual economic output. Telmex, of which 49.1% is owned by Slim and his family, charges among the highest usage fees in the world, according to the Organisation for Economic Co-operation and Development. The average Mexican spends 1.50 pesos per day on Slim’s goods and services for a total of roughly US$140 million a day and the Federal Telecommunications Institute, a new Mexican government anti-monopoly watchdog said in April 2014 that Slim’s telecom businesses are monopolies. Slim’s business presence in Mexico alone is so broad that many Mexicans find it appropriate to call the country “Slimlandia” as it is almost impossible to go a day in Mexico without contributing to Slim’s wealth.
And they act “holier than thou” about Trump’s tax breaks.
Liberals are nauseating.
Disgraceful but not surprising.
Carlos Slim? Sounds like a male porn star.
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prolly the inspiration for CARLOS DANGER
The New York Times Building ...
The structure of this roof cap is exactly like the kind of telemetry tracker that NASA uses to identify dead pulsars in deep space.
Cold riveted girders with cores of pure selenium.
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