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by spamizbad
2674 days ago
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Rezoning and eminent domain, resulting in massive windfall for Plaxall
https://www.crainsnewyork.com/real-estate/plastics-company-a... (Yes, some of that land is being purchased in a private sale, but its value is now significantly greater because of the city's rezoning and ability to stich-together workable parcels through eminent domain)Long island City residents aren't terribly happy about that. Then there's the whole Excelsior tax credit scheme which Amazon really stretches. It's normally just 6.85% of wages per net new job. Amazon's is significantly greater. https://esd.ny.gov/excelsior-jobs-program |
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