N.Y.C. Awaits IRS Letter on Ballpark PILOTs

Whalen, Robert
April 2006
Bond Buyer;4/12/2006, Vol. 356 Issue 32359, p1
Trade Publication
The article report that the city government of New York City is waiting for the issuance of a private letter ruling by the U.S. Internal Revenue Service, which will clear the tax-exempt status for the PILOT debt of the city. The PILOT debt is a project of the city government, which will finance new ballparks for the New York Mets and New York Yankees. The PILOT debt is worth 1.4 billion dollars.


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