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December 14, 2006
Atlantic Yards Project Less Profitable Than Expected
WNYC News Radio
In a new report, the Empire State Development Corporation says the project will generate $944 million in sales and income taxes, after city and state subsidies are factored out. That's about a third less revenue than was initially estimated. The change came after an 8% cut in the size of the project.
Posted by lumi at December 14, 2006 6:57 PM