Tag: Property Taxes

Will New York City’s Soccer Stadium Cost Taxpayers $0 or $516 Million?

An independent budget analysis suggests that the city will be losing $516 million in tax revenue from its deal to place a new soccer stadium in Queens.

Why Office Buildings Are Still in Trouble

Hybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate business.

Developers Fight to Keep 421a Tax Break Amid N.Y.C. Housing Crisis

Few big residential projects have been built without the break, known as 421a, which now costs the city $1.77 billion in lost tax revenue every year.