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Articles about “taxbreaks”

How A Useless $400 Million Tax Break For NYC Developers Chugged Along For 20 Years

How A Useless $400 Million Tax Break For NYC Developers Chugged Along For 20 Years

Lower Manhattan in 2011 (Jay Fine / Flickr) In all the uproar over the $3 billion that New York city and state plan to give away to win Amazon's new Queens corporate center, one of the...

Let's Take A $1.58 Billion Property Tax-Shirking Tour Of NYC

Let's Take A $1.58 Billion Property Tax-Shirking Tour Of NYC

One Bryant Park AKA the Bank of America Tower (left), which got an $80 million property tax break this year (Chris Goldberg / Flickr) If the defining characteristic of modern-day New York is how damn expensive...

Does Amazon Cuomo's '$9 To $1' Sales Pitch Make Sense?

Does Amazon Cuomo's '$9 To $1' Sales Pitch Make Sense?

Governor Andrew M. Cuomo and John Schoettler, Vice President Global Real Estate and Facilities for Amazon, at last week's announcement. (Kevin P. Coughlin / Office of Governor Andrew M. Cuomo) A parable: A man walks into...

New School Study Uncovers Another $1 Billion In Hudson Yards Subsidies

New School Study Uncovers Another $1 Billion In Hudson Yards Subsidies

"Vessel," April 2018 (Jake Dobkin / Gothamist) When we reported last month on the approximately $4.5 billion that city taxpayers are spending on the “dynamic neighborhood” of Hudson Yards on Manhattan's West Side, eagle-eyed readers may...

Hudson Yards Has $4.5 Billion In Taxpayer Money. Will We Ever See It Again?

Hudson Yards Has $4.5 Billion In Taxpayer Money. Will We Ever See It Again?

Hudson Yards in May of 2018 (PDK Commercial Photographers Ltd/AP/Shutterstock) As the massive stalagmites of Hudson Yards intrude upon the Manhattan skyline, it's easy to focus just on the impact on the streetscape of the onetime...

NYC Reveals Amazon HQ Pitch, De Blasio Says Amazon Hurts NYC Businesses

NYC Reveals Amazon HQ Pitch, De Blasio Says Amazon Hurts NYC Businesses

Mayor Bill de Blasio speaks at the Global Citizen Festival in Central Park on Saturday, September 23, 2017. (Michael Appleton / Mayoral Photography Office) The deadline is finally here for cities across the country to submit...

There's A 'Dark Side' To NY's Rush To Win Amazon's New HQ

There's A 'Dark Side' To NY's Rush To Win Amazon's New HQ

Governor Andrew Cuomo announcing earlier this year that Spotify would be moving from Midtown South to 4 World Trade Center, creating 1,000 new jobs in exchange for $11 million in rent subsidies (Drew Angerer/Getty Images) Moving...

Dozens Of Tenants Sue Big-Time Landlord Over Alleged Systematic Illegal Rent Increases

Dozens Of Tenants Sue Big-Time Landlord Over Alleged Systematic Illegal Rent Increases

701 West 177th Street, a Washington Heights building owned by Laurence Gluck, right. (Google, Stellar Management) A major New York landlord is being accused by 59 tenants of fraudulently increasing rents in apartments that are supposed...

Will NY Give 'Late Show' Millions In Tax Breaks To Stay In NYC?

Will NY Give 'Late Show' Millions In Tax Breaks To Stay In NYC?

Jimmy Fallon and Stephen Colbert on The Tonight Show Now that Stephen Colbert is officially taking over Late Show from David Letterman next year, another guessing game begins: Will the show stay in New York or...

'The Tonight Show' Got $22 Million In Tax Breaks To Relocate To NYC

'The Tonight Show' Got $22 Million In Tax Breaks To Relocate To NYC

(Getty Images) Savor every second of those delightfully viral moments from Jimmy Fallon's New York reincarnation of The Tonight Show: they're costing taxpayers around $22 million in additional income each year. Last spring Governor Cuomo absurdly...

Developer Of Hudson Yards & Willets Point Scores Another $120 Million In Tax Breaks

Developer Of Hudson Yards & Willets Point Scores Another $120 Million In Tax Breaks

With just 19 days left in office, the Bloomberg administration has bestowed a sloppy goodbye kiss on the giant developer Related Companies in the form of $120 million in tax breaks for its work on the...

Occupy Wall Street Protesters Disrupt Albany Lawmakers' Inertia

Occupy Wall Street Protesters Disrupt Albany Lawmakers' Inertia

Demonstrators affiliated with the Occupy Wall Street movement interrupted a legislative budget hearing in Albany to make some noise about taxes. The protest interrupted testimony by Taxation & Finance Commissioner Thomas Mattox, who was being questioned...

Political Sausage Making: Watered-Down Living Wage Bill Unveiled

Political Sausage Making: Watered-Down Living Wage Bill Unveiled

City Council Speaker and presumptive mayoral candidate Christine Quinn announced a compromise on the controversial living wage bill yesterday. While it would require companies who receive substantial tax benefits from the city to raise employee wages to...

Corporations Investing Tax Break Windfall In Politicians

Corporations Investing Tax Break Windfall In Politicians

ExxonMobil, Bank of America, General Electric, Chevron and Boeing had combined profits of $77.16 billion in 2010 but paid $0 in federal income taxes, according to a new report from NYC Public Advocate Bill De Blasio,...

Strip Clubs Get Very Classy, Very Tasteful Tax Breaks

Strip Clubs Get Very Classy, Very Tasteful Tax Breaks

O62's flickr The city often uses tax breaks as incentives to entice businesses (and the jobs they provide) to stay in town, which is how they were able to keep Jet Blue here. In this way,...

Paladino Got $3 Million In Tax Breaks, Created 25 Jobs

Paladino Got $3 Million In Tax Breaks, Created 25 Jobs

In his first attack ad last week, Andrew Cuomo accused gubernatorial opponent Carl Paladino of being a "welfare king" who pocketed $1.4 million in state tax breaks to create jobs, but created only one. But the...

Not So Fast: Stuy Town Rent Ruling Stayed

Not So Fast: Stuy Town Rent Ruling Stayed

Developer Tishman-Speyer was granted a stay that pauses a ruling which found it wrongfully raised rents at Stuyvesant Town and Peter Cooper Village. Tishman bought the rent-regulated complex for $5.4 billion, hoping to profit on market-rate...

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