clock menu more-arrow no yes

Filed under:

Ratner Tax Break

New, 6 comments

In annals of convoluted ways that subsidies and tax breaks are handed out, the way one was accorded to the Bruce Ratner-Frank Gehry Beekman Tower is a prize winner. With the deadline approaching for 421-a 20-year tax breaks approaching, the developer needed Community Board 1. The details are almost impossible to follow, but the punchline is that the only way CB1 could have denied the tax break was remaining silent. So, its "resolution harshly criticizing the application fulfilled the public comment requirement and served as a green light." For real? [Downtown Express; previously]

8 Spruce Street

8 Spruce Street, New York, NY 10038