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November 11, 2008

And has the Atlantic Yards arena site been assessed? Not that I've been told

Atlantic Yards Report

In order to generate PILOTs (payment in lieu of taxes) sufficient for the Atlantic Yards arena bond, would the land under the arena be assessed in the same questionable way that the land under Yankee Stadium was assessed?

Norman Oder tries to get to the bottom of this question by requesting documents from various government agencies.

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NoLandGrab: Regular readers may remember that, just last week, the City of New York refused to hand over documents concerning the Yankees Stadium deal to a US House Subcommittee investigating possible fraud.

Posted by lumi at November 11, 2008 5:31 AM