IDA also approves tax -exempt bonds for 2 health care entities and 1 private school. On October 9, 2007, the New York City Industrial Development Agency voted to provide financial assistance to four entities.
IDA awarded the Bronx Parking Development Company $225 million in tax-exempt bonds to finance the design, construction, and renovation of three new parking garages, two existing garages and six surface lots that would serve the new Yankee Stadium. According to IDA, … <Read More>
Projects intended to spur development in Harlem and Jamaica. On September 21, 2007, the Office of the Deputy Mayor for Economic Development held a hearing in the New York City Economic Development Corporation’s offices to receive public comment on the City’s plan to seek State funds for two redevelopment projects in Harlem and Jamaica. The City hopes to secure State funding under the Restore New York’s Communities Initiative, a State initiative created last year to … <Read More>
$85 million in bond offerings on the calendar for IDA’s June public hearing. The New York City Industrial Development Agency, a component of the Economic Development Corporation, held its monthly public hearing on June 7, 2007. Eighteen projects were on the notice of public hearing, including bond offerings totaling $85 million and seven straight-leases.
Among the 18 projects on the calendar was a straight-lease to News America Publishing Inc., a wholly owned subsidiary of Rupert … <Read More>
July public hearing notice lists $143 million in bond offerings and six straight leases. The New York City Industrial Development Agency, a component of the Economic Development Agency, held its monthly public hearing on July 19, 2007. The 14 project applications detailed in IDA’s public notice included over $143 million in bond offering and six straight leases.
The largest bond application on the July calendar was made by the Lycée Français de New York, an … <Read More>
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 … <Read More>