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May 27, 2008
Tax breaks, even redesign to lure NYC corporate tenants
AP via Newsday
by Amy Westfeldt
This article discusses how far government will go to subsidize large developments. The proposed Atlantic Yards development isn't mentioned, but it's hard not to think about it when it is also an example of development that would not happen except for massive subsidies.
Across the city, big development projects are slowing down or falling apart because of uncertain financing, making an anchor tenant's commitment a potential make-or-break factor, experts say.
Posted by steve at May 27, 2008 5:40 AM