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January 8, 2008

After criticism of MSG tax break, James, Yassky point to AY

Atlantic Yards Report

Yesterday Madison Square Garden and its owner, Cablevision, was on the defensive at a City Council Finance Committee hearing where sentiment clearly has shifted—years after good-government advocates began lobbying about it—to lifting the tax exemption that now saves the Garden some $11 million a year.

In response, Cablevision called attention (right; click to enlarge) to the even larger tax breaks and other forms of support the city has handed out for construction of new sports facilities for the Yankees, Mets, and Nets.

And two City Council members—Atlantic Yards opponent Letitia James and sometime critic David Yassky—issued a statement saying the City Council should take a broader look at all subsidies, including much larger ones for Atlantic Yards.

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OTHER LOCAL COVERAGE:
MetroNY, Council eyes an end to Garden tax break
The New York Times, A Tax Scare at the Garden, Among Other Worries
AP via Newsday, Council committee hearing considers ending MSG tax break
The New York Sun, Garden Consultant Defends Tax Exemption
NY1, Madison Square Garden's Tax Break Under Microscope
1010 WINS, Madison Square Garden's Tax Exemption Under Fire
Daily News, Quinn Fires Back AT MSG
WNYC, City Council Eyes MSG Tax Break
New York Post, MSG Calls A Foul On Quinn For Tax Probe
Gothamist, Garden Could Lose Its Tax Exempt Status
The New York Times, Madison Square Garden’s ‘Godfather,’ Without the Respect

Posted by lumi at January 8, 2008 6:05 AM