$811 million in bond offerings on IDA’s calendar.

February calendar includes 17 projects. The New York City Industrial Development Agency, a component of the Economic Development Corporation, will hold its monthly public hearing on February 8, 2007 for 17 proposed projects including bond offerings totaling $811 million and seven straight-leases.

Included among the 17 projects is a straight-lease to NBC Universal of 1,380,000 sq.ft. of office space at 30 Rockefeller Plaza. The City would lease the property from the building’s owner and sub-lease it to NBC, exempting NBC from taxes. NBC would make payments in lieu of property taxes. IDA also proposes to exempt NBC’s purchase of equipment, furniture, and other fixtures from City and State sales and use taxes.

Another proposal would authorize the issuance of $650 million in Liberty Bonds to One Bryant Park LLC in order to refinance a new 51-story, 2-million-square-foot office building on Sixth Avenue and West 42nd Street, with Bank of America as the anchor tenant.

The full official notice can be found at http://www.nyc.gov/edc. The public notice warns that EDC can remove calendared items prior to the hearing.

New York City Industrial Development Agency, Notice of Public Hearing (Feb. 8, 2007).

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