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November 4, 2006
Friday: Chelsea Artworld 'Streetwalkers'! Plus, Redesigning Design
The Real Estate
Max Abelson
The math is a bit complex, but Brooklyn Paper reports that the IRS will be foiling Bruce Ratner's "sweetheart deal" for the Atlantic Yards. Developers have long enjoyed a tax scheme called PILOT--payments in lieu of taxes--in which those "payments" are quite petite. PILOTs were bestowed upon the Mets and the Yanks for their new digs, but will it now be taken from Bruce and the Nets?
Posted by amy at November 4, 2006 11:53 AM