Sentences with phrase «tax break from the city»

The Destiny USA mall was given a 30 - year property tax break from the city and is also in New York's Empire Zone tax credit program.

Lavine said if elected, she would return donations she's collected from developers or anyone else seeking to do business with or get a tax break from the city.

Tenants at Harlem's Lenox Terrace — at 132nd through 135th streets between Lenox and Fifth avenues — have accused their landlord of illegally deregulating rents at the six - building complex while receiving J - 51 tax breaks from the city, in a suit with strong echoes of last year's tenant - led lawsuit at Stuyvesant Town.

Not exact matches

Typically, to win big headquarters deals, states and cities have to grant tax breaks and other concessions as Boston and Massachusetts did to woo General Electric's (ge) headquarters from Connecticut to Boston.

The temporary tax break attracted fast - growing tech companies to San Francisco's Mid-Market and Tenderloin neighborhoods by offering them an exemption from the city's 1.5 percent payroll tax in exchange for community work.

The Memphis City Council voted on Oct. 3 to offer the tax breaks for the company's headquarters, possibly in addition to incentives from the development agency Economic Development Growth Engine, Shelby County and the state.

But two of the city's hottest technology start - ups, Twitter and Zynga, are threatening to leave San Francisco unless they get a break from a city payroll tax that could, given the estimated multibillion - dollar valuations of the two companies, amount to tens of millions of dollars.

Critics of the proposed tax breaks rallied last week in front of Twitter's offices, accusing the company of hypocrisy for espousing social consciousness while seeking concessions from the city.

And that two of these are not cities, but regions, shows that while the retail giant has clearly made this bidding process for its next headquarters an exercise in trying to extract the most generous tax breaks from municipalities, in a perfect world Amazon would plant «HQ2» in the nation's capital.

Contributions are so common at the state level because Albany controls many interests in New York City real estate, from property tax breaks to rent regulation and land use.

But Miner sued COR in December, stalling the project, after the company went around the city to obtain tax breaks from the county Industrial Development Agency.

Separately from the state, New York City is giving Aetna a $ 5 million sales tax credit over 18 months and another $ 4.55 million in tax breaks over 10 years.

Aside from community involvement, Krasher hopes the city will not opt to give the developer huge tax breaks, a practice he characterizes as «corporate welfare.»

COR attorney Christopher Buckey submitted notes from three council committee meetings as evidence that city officials were aware that COR might seek tax breaks for portions of the $ 325 million Inner Harbor project.

A pair of left - leaning advocacy groups criticized Mayor Bill de Blasio's plan to reform a controversial real estate tax break, calling on the progressive mayor to extract more concessions from the city's powerful real estate industry.

With the city still smarting from the revelation that five developers received tax breaks to build in sought - after neighborhoods under a program for underdeveloped...

Critics from groups like New York Communities for Change, Make the Road New York and Vocal New York charge that the tax break, created in the 1970s to spur development at a time when the city's fiscal health was waning, is antiquated, allowing powerful developers to reap millions in tax breaks while creating housing exclusively for the wealthy.

Diane Reyna, second in command to new Brooklyn borough president Eric Adams, wants a former Pfizer property on Wallabout Street and Harrison Avenue to receive the designation, which offers tax breaks and help from the city for landlords planning to house industrial tenants.

The city of Syracuse, which named COR as its developer, is now suing COR over tax breaks for the Inner Harbor project that the company obtained from Onondaga County's industrial development agency.

Tax breaks at One57 cost the city $ 65.6 million in property tax revenue, for instance, while creating just 66 affordable housing units in the Bronx, according to a recent report from the city's Independent Budget OffiTax breaks at One57 cost the city $ 65.6 million in property tax revenue, for instance, while creating just 66 affordable housing units in the Bronx, according to a recent report from the city's Independent Budget Offitax revenue, for instance, while creating just 66 affordable housing units in the Bronx, according to a recent report from the city's Independent Budget Office.

In terms of real estate, he will likely go down as one of the most influential politicians to have shaped the city — from vetoing the controversial West Side stadium proposal to shepherding through approval of millions of dollars in 421a tax breaks for the mega towers along Billionaire's Row.

The governor also received $ 120,000 from two LLCs tied to Fisher Brothers, a New York City real estate firm that benefitted from lucrative tax breaks that were tucked into a 2013 housing bill Cuomo signed into law.

Six months before jilting the Syracuse Industrial Development Agency to seek tax breaks from Onondaga County's IDA, the developer of the Syracuse Inner Harbor sued the city to cut its tax bill on the land to be developed.

From the brink of ruin, the mayor and Assembly Speaker Carl Heastie prevailed on a reluctant Cuomo to broker an end - of - legislative - session deal to strengthen a property tax break program, called 421 - a, designed to spur badly needed housing development in New York City.

Miner filed a lawsuit this month seeking to halt the project after the Onondaga County IDA approved tax breaks for COR Development Co., the Inner Harbor developer that acquired the land from the city.

The News reported that the city lost $ 4.6 billion from tax breaks last year, according to figures kept by the Independent Budget Office.

According to the Times, the Speaker also was paid an undisclosed sum for the past decade from the firm Goldberg and Iryami, which specializes in obtaining tax breaks for commercial and large residential real estate properties in New York City.

SYRACUSE, N.Y. - Mayor Stephanie Miner set out Tuesday to kill the biggest Syracuse development in years - the $ 324 million Syracuse Inner Harbor project - after the developer went around the city to negotiate lucrative tax breaks from Onondaga County.

Cynthia Nixon is calling for the big film industry tax break to be reined in as part of her run for governor — but the actress» own «Sex and the City» movies scored enough dough from the $ 420 - million program to buy a lifetime supply of Manolos.

Before COR applied to the county IDA for tax breaks, the city IDA had already awarded the company $ 1.5 million in financial assistance for public infrastructure at the harbor and nearly $ 1.2 million in exemptions from sales and mortgage recording taxes on the construction of the first building, an Aloft Hotel.

Affidavits from the three ex-councilors were filed in state Supreme Court, where Miner's administration sued COR in December after the company bypassed the city to obtain tax breaks from the Onondaga County Industrial Development Agency.

The city said the developer agree to not seek tax breaks from the county.

But cracks began to develop in the city's case when COR's attorneys produced hand - written notes from three Common Council committee meetings indicating that company officials had not ruled out applying for tax breaks.

City officials started throwing up roadblocks to the project months ago, after Cor obtained lucrative tax breaks from Onondaga County despite Miner's strong objections.

Some Bronx organizations which received tax breaks and bonds from the city's Industrial Development Agency in order to boost the local economy, have actually shed jobs, not created them.

Eliminating town and city IDAs in favor of one IDA per county would lower by 30 percent the value of the property tax breaks being granted but would have «little effect» on where businesses choose to locate, according to Evan Mast, who studied New York's IDAs for his economics doctorate from Stanford University.

Topics in the Q&A included the source of money for the City's planned pre-K advertising campaign, the City's target number of pre-K applicants, whether Speaker Silver thinks the proposed income tax surcharge should be pursued next year, how the pre-K selection process will work, how the City will cover the approximately $ 40 million annual gap between the estimated cost of pre-K and the amount provided in the state budget, when parents will learn whether their pre-K application has been accepted, how the City will collect data and measure success of the pre-K program, whether the existing pre-K application process will be changed, how the City will use money from the anticipated school bond issue, the mayor's reaction to a 2nd Circuit ruling that City may bar religious groups from renting after - hours space in public schools, the status on a proposed restaurant in Union Square, a tax break included in the state budget that provides millions of dollars to a Bronx condominium project, the «shop & frisk» meeting today between the Rev. Al Sharpton and Police Commissioner Bratton and a pending HPD case against a Brooklyn landlord.

The company is seeking tax breaks from OCIDA, which has the authority to authorize tax breaks anywhere within the county, including in the city.

Based on Synapse's commitment to earn the highest rating from the U.S. Green Building Council, the project was entitled to the same tax break given other projects under the city's «green» payment in lieu of taxes program.

The task force wants the Common Council to pass a non-binding resolution requiring COR to sign a community benefits agreement if the company receives tax breaks or other assistance from the city.

Three of New York City's biggest developers have been slapped with subpoenas from a state corruption panel investigating huge tax breaks that they received in a law enacted just this year, the Wall Street Journal reported.

within New York City that he says will give them a small but much - needed break from continuously rising property taxes.

Syracuse Mayor Stephanie Miner announced Tuesday that the city will sue COR Development for seeking tax breaks from Onondaga County

Ford will receive a combined $ 160 million in tax breaks from the state of Michigan, Wayne County and the City of Wayne for its efforts to retool the plant.

Peabody Energy return the $ 61 million in recent tax breaks to the city, especially $ 2 million from the St. Louis Public Schools system, so that money can fund education and other social services

Most recently we broke ground on a Senior Suites in Joliet, Ill. using state tax credits and tax increment financing from that city.

But stadium plans are also replete with potential problems and controversies, from lack of funding or controversial tax breaks, to cities being required to use eminent domain to seize land, to one city being heartbroken when another «steals» its team, not to mention whether a city will take to the new team in town.