Extell, developer of One57, received nearly $66 million in tax abatements in return for $5.9 million to build affordable housing in the Bronx, a city review shows.

Topics:  real estate   New York   New York City   
RELATED ARTICLES
BING NEWS:
  • Report: Dodgers' 2025 Luxury-Tax Payroll to Exceed $375M, Tops Phillies and Yankees
    The Los Angeles Dodgers are continuing to flex their financial muscles after agreeing to a deal with 2024 All-Star reliever Tanner Scott. ESPN's Jeff ...
    01/19/2025 - 7:27 am | View Link
  • How luxury real estate benefits from Montana’s agricultural tax code
    Key takeaways from our investigation revealing how expensive properties use a system meant to help farmers and ranchers.
    01/15/2025 - 3:42 am | View Link
  • Sen. Bernie Moreno probes $22B in tax credits for luxury electric vehicles: ‘Obscene public policy’
    Newly elected Sen. Bernie Moreno is investigating nearly $22 billion in tax credits stemming from President Biden’s Inflation Reduction Act that the Republican says are now subsidizing luxury electric ...
    01/15/2025 - 2:20 am | View Link
  • Mets have a $24 million pile of cash to spend before touching final luxury tax threshold
    After a disappointing 2024 campaign that saw the Mets shell out $101 million in luxury tax penalties, the organization appears to be taking a more calculated ...
    01/11/2025 - 2:17 am | View Link
  • Why are luxury real estate owners getting agricultural tax breaks?
    As property taxes surge in Montana, some say the state’s tax code is letting luxury real estate owners benefit from a tax break intended to support farms and ranches. The longstanding policy passes ...
    01/9/2025 - 12:49 am | View Link
  • More