96 Wythe Street in Brooklyn, Image Credit: CityLand.

Court found that application was not filed within the statutory time period of one year. On January 27, 2016, the New York State Supreme Court denied a Brooklyn developer’s petition to reverse a Department of Finance decision to not grant a tax abatement. The Developer, 96 Wythe Acquisitions, filed the petition after the Department of Finance denied the application for the tax abatement because it was not filed within the mandatory one-year requirement. 96 Wythe Acquisition LLC filed plans with the NYC Department of Buildings back in April 2013 to construct a hotel in the Williamsburg section of Brooklyn. (read more…)