Search Results for: Sales Tax

$3.2 million tax exemption awarded Brooklyn developer

The Albee Street Mall on Gold Street will be razed to make way for one of the tallest buildings in downtown Brooklyn. Image courtesy of Greenberg Farrow.

Downtown Brooklyn mall to be demolished for large mixed-use retail, office, and residential center. On February 13, 2007, the New York City Industrial Development Agency, a component of the New York City Economic Development Corporation, approved financial assistance for the construction of a new 1.8-million-square-foot mixed-use development in … <Read More>

“Streets for Recovery” Report Details Success of Outdoor Dining on Open Streets

The report uses data aggregated by Department of Finance to highlight the economic benefits of open streets laws. On October 25, 2022, Department of Transportation (DOT) Commissioner Ydanis Rodriguez announced the release of Streets for Recovery, a report on Open Streets policy developed in collaboration with Bloomberg Associates. This first-in-the-nation report uses Department of Finance data to highlight the economic benefits of Open Streets during the height of the COVID-19 pandemic.

Governor Andrew Cuomo Limits Activities to Essential Businesses, Small Businesses Feeling Impact

Governor Cuomo further encouraging New Yorkers to telecommute and stay home. On March 18, 2020,  the Empire State Development Corporation issued guidance for Governor Andrew Cuomo’s Executive Order Number 202.6, which requires that to the maximum extent possible, all businesses and not-for profit entities throughout the state utilize work from home and telecommuting procedures. This executive order comes as an update to Executive Order 202, which, on March 7, 2020, declared a state of … <Read More>

Sidewalk Cafes: What it Takes to Dine on the Streets of New York

Operating a sidewalk café requires a public review process and approval from the city. Summer is here and many restaurants open sidewalk cafés to give people a breath of fresh air while enjoying a meal. To operate a sidewalk café, the business must have a food service establishment permit and each year the business must pay consent fees, which are essentially a “lease” for use of the sidewalk space.

Medicaid: 5 Million New Yorkers, $53 Billion and Growing

Fiscal year 2010 Medicaid spending by the fifty states, excluding administrative costs, exceeded $389 billion dollars.  New York State led the states in total spending at $52 billion dollars. Medicaid costs are now the largest driver of state and local spending in New York State. Recent changes in State law have helped reduce the local costs, but Medicaid continues to dominate State and local expenses.

Congress in 1965 established Medicaid under Title XIX of the … <Read More>

Landmarks approves modified plan for Seaport’s Pier 17

The Howard Hughes Corporation plans to retain much of the current mall’s structure, but replace its skin. On May 15, 2012, Landmarks issued a binding report approving a revised proposal from the Howard Hughes Corporation and the New York City Economic Development Corporation to redevelop Pier 17 in the South Street Seaport Historic District. In 2008, the site’s former owner, General Growth Properties, proposed demolishing the Pier 17 mall, relocating the nearby Tin Building, … <Read More>