TITLE

Thumbs Up For Ballpark PILOT Deals

AUTHOR(S)
Cataldo, Adam L.; Kaske, Michelle
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/20/2006, Vol. 357 Issue 32427, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of the U.S. Internal Revenue Service of about $1.44 billion of tax-exempt bonds of the New York City Industrial Development Agency. Proceeds of the bonds will be used to help finance the construction of two baseball stadiums for the Yankees and Mets. Bonds for both projects will be backed by payments instead of taxes or PILOTs, a structure approved by the City Council.
ACCESSION #
21784024

 

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