“But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.”
So is this a story reinforcing how incompetent govt is or how good Trump is at dealing with incompetent boobs like them?
‘40-year tax break that has cost New York City $360 million to date in forgiven,”
I would venture that spin-offs from the hotel for the city and businesses exceeds that.