TITLE

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

AUTHOR(S)
Whalen, Robert
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/12/2006, Vol. 356 Issue 32359, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20517373

 

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