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June 29, 2007
Yassky and James protest "egregious" Atlantic Yards carve-out
From City Councilman David Yassky latest e-newsletter:
Last December I was delighted when the City Council passed a version of my bill to limit unjustified subsidies for developers (the 421a program). This week, unfortunately, Albany passed their own version of this legislation which included an earmark provision with special tax breaks for the Atlantic Yards project. This is estimated to cost taxpayers $100-$170 million. In response to this egregious exception, Council Member James and I sent a letter to the Mayor and Governor asking them to withhold $200 million in land-acquisition aid that was promised by the City and State. Click here to view that letter.
Posted by lumi at June 29, 2007 1:11 PM