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March 30, 2006
Ridge Hill, River Club seek Yonkers IDA assistance
The Journal News
By Michael Gannon
Regarding the controversial Forest City Ratner project in Yonkers, a resolution has been approved by the city's Industrial Development Agency to grant sales- and mortgage-recording tax exemptions in connection with the Ridge Hill project.
Forest City Ratner also is seeking a payment-in-lieu-of-taxes agreement, according to the resolution.
NoLandGrab: "He's the master of subsidy. No one does it better," said Fred Siegel, a professor of history at the Cooper Union on Bruce Ratner (Cleveland Plain Dealer, November 30, 2005).
Posted by lumi at March 30, 2006 6:24 AM