N.Y.C. IDA To Weigh PILOTs Plan

Whalen, Robert
July 2006
Bond Buyer;7/31/2006, Vol. 357 Issue 32434, p1
Trade Publication
The article reports that the changes to the New York City, N.Y. Industrial Development Agency's tax exemption program will pave the way for payments-in-lieu-of-taxes (PILOT) public debt. The debt will be used to finance a subway extension and the Hudson Yards real estate development. The Hudson Yards Infrastructure Corp. will sell the tax-exempt municipal bonds.


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