A little insight into the tax deal and how it is used by other companies.
[quote]New York City negotiates similar payments with developers who do not owe property taxes because their buildings are on state-owned land. The city has made 261 agreements for payments in lieu of taxes that produce about $47 million a year.
Other landowners who make "pilot" payments include the Port Authority of New York and New Jersey, the bi-state agency that owns the World Trade Center site.[/quote]
Jake http://www.reuters.com/newsArticle.jhtml?type=sportsNews&storyID=7585700
jake · 2005-02-10
A little insight into the tax deal and how it is used by other companies. [quote]New York City negotiates similar payments with developers who do not owe property taxes because their buildings are on state-owned land. The city has made 261 agreements for payments in lieu of taxes that produce about $47 million a year. Other landowners who make "pilot" payments include the Port Authority of New York and New Jersey, the bi-state agency that owns the World Trade Center site.[/quote] JakeStadium Taxes
http://www.reuters.com/newsArticle.jhtml?type=sportsNews&storyID=7585700