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News Archives
 EIGHT public comment opportunities in
February.
Click here for a schedule of
hearings on Liberty Bonds for market-rate apartments, subsidies for
Pfizer, Bank of America, CDBG funds for middle-income housing downtown,
and more.
Former NYSE chair Richard Grasso resigns
from the Lower Manhattan Development Corporation board
Friday October 17th, following his forced resignation in September from
leadership at the Stock Exchange due to outrage over his $187.5 million
pay package. Click here to read more about
the failed $1.1 billion subsidy deal Mr. Grasso attempted to negotiate
with the city prior to September 11, 2001.
$80 million in commercial Liberty Bonds proposed for InterActiveCorp,
the internet firm that supports services such as Expedia,
Ticketmaster, and Match.com, to build a new office building at 11th Ave
and 18th Street. Read
about the 10/10/03
public hearing.
$140 million in Liberty Bonds for housing
proposed for 63 Wall Street.
Click here to read GJNY's
testimony at the HDC's 10/7/03 public hearing.
The Industrial Development Agency holds a public
hearing before giving preliminary approval to
$650 million in Liberty Bonds to the Durst Organization for a midtown
office tower to be anchored by the Bank of America.
The Lower Manhattan Development Corporation
releases Partial Action Plan No. 5
(Chinatown tourism & communications). Click
here to read comments by the Labor
Community Advocacy Network (LCAN) and the Liberty Bond Housing
Coalition.
GJNY along with
members of the Liberty Bond Housing Coalition stage a press conference
and action
at the June 12th Lower Manhattan Development Corporation board meeting.
Click to see statements, photos, and news coverage
as well as recent Reconstruction Watch housing news.
Read about Pfizer's $46.1 million subsidy
package for a midtown Manhattan expansion approved by the city
in June.
Groups
Declare Vote by HDC on Liberty Bonds a Sham
Press advisory regarding June 3rd vote on
Liberty Bonds
City cuts a deal with Bear Stearns over
MetroTech
Tax Increment Financing (TIFs):
What is it and why should NYC care?
Disclosure
breakthroughs: the New York City Industrial Development Agency takes
steps towards transparency
"Liberty Bonds" to
fund luxury apartments downtown?
Details at
Reconstruction
Watch.
The NYSE walks away
from long-planned subsidy deal.
Click
here for details and GJNY's cost estimates.
Our
testimony on the NYSE deal, NY State hearing (1.12.01)
Issue
Briefs highlights some of NYC's biggest corporate subsidies.
Download GJNY's publication, Development
Subsidies in NYC: A Research Manual for
Activists.
Read the New York City Independent Budget Office report "Full
Disclosure? Assessing City Reporting on Business Retention Deals"
Alliance for a Working Economy holds "No More Sweetheart Deals"
action on Valentine's Day: read the press release
Center for an Urban Future's new report, "Payoffs for
Layoffs" is now available on their website at www.nycfuture.org.
Rally
Challenges Stock Exchange Subsidies (10.19.00)
Press Release:
Announcing Detailed Database of NYC
Retention Deals, 10.11.00
Audits and Critiques of Development
Subsidy Programs (6.16.00)
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