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  • The Paper of Wreckage

    06/18/2002 8:22:19 AM PDT · by What Is Ain't · 5 replies · 364+ views
    The Village Voice ^ | 06/17/02 | Paul Moses
    Thanks to a deal with the Pataki and Giuliani administrations, The New York Times Company is in line to get a choice midtown property at tens of millions of dollars below market value—and city taxpayers will foot the difference, newly disclosed records show. Under the deal Governor George Pataki announced December 13, the state-controlled Empire State Development Corporation will use its power of condemnation to take the property from its unwilling private owners and turn it over to the Times for a 52-story corporate headquarters along Eighth Avenue between 40th and 41st streets. The outlines of the deal were reported...