Subsidy Alert: November 2011
To learn how the Board of Directors voted on this project, see the agency "board books" here.
Please take a moment to look throught the project summaries below. GJNY will post the project materials and cost/benefit analyses when they become available, so please check back. We encourage anyone with concerns or comments about these proposals to participate in the hearing.
This month the IDA will be reviewing applications from the following project:
Manhattan:
- Macy’s Inc., acting on behalf of Macy’s Merchandising Group, Inc. (formerly Federated Department Stores, Inc. acting on behalf of and solely for the benefit of Federated Merchandising Group), and its eligible affiliates, located on the 5th floor at 11 Penn Plaza, New York, New York. The financial assistance proposed to be conferred by the Agency will consist of exemption from City and State sales and use taxes. The financial assistance for this project was induced and authorized on February 8, 2000 and March 14, 2000, respectively. No new financial assistance is being provided.
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