Remember that housing bill from last month that was meant to give tax breaks to low and middle income housing, but also extended 421-A abatements to five new luxury developments? And how everybody involved with writing the bill was all like, "We have no idea where that language came from, but it sounds great!" Now a state commission to investigate corruption has issued subpoenas to Extell Development, Silverstein Properties, and Thor Equities to find out where those tax breaks actually came from. Stay tuned. [WSJ; previously]
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