Jamaica
A Long Island City Business Gets Jamaica's Tax Breaks
In an unusual arrangement, the City Council on Thursday voted to let a Long Island City business take advantage of tax breaks that usually go along with the Empire Zone in Jamaica.
The concept of these "regionally significant projects" is a little controversial, since Empire Zones are set up to benefit a particular neighborhood or region. read more »
The Round-Up: Thursday
- Wal-Mart 'would like to be' in the outer-boroughs. [Crain's]
- Hamptons rental season strongest since '03? [NY Sun]
- 'Keen' demand among investors for city rental properties. [NY Sun]
- Meet the city's new urban-design director. [NY Sun]
- Large rezoning in Jamaica faces opposition. [NY Sun]
- Concrete on the rise in New York projects. [NY Sun]
- City Council members gloat over Wal-Mart concession. [NY Sun]
- Former Elad CFO blames firing on not being Israeli. [NY Sun]
- Sander picks former boss to head subways, buses. [NY Post]
- Sarah Ferguson buying in Cipriani Club Residences. [NY Post]
- Council OKs tax benefits for Mitchell-Lama projects. [NY Times]
- Brooklyn, Queens buildings sell for $118 M. [GlobeSt]
Did we miss any New York City real estate news this morning? Please send along tips and links.
Corcoran, Now With a Conscience!
Nichole Thompson-Adams.
An excerpt from the press release (sic's not included, but implied throughout):
Black Girl You've Been Gentrified is a one-woman tour-de-force from Jamaica born-Brooklyn raised singer-writer-actress-real estate broker Nichole Thompson-Adams. Backed by a three-piece band and a therapist's couch, the show follows its heroine through issues of family, race, culture and economics that comprise the Zeitgeist of present-day New York City.
Now, we're not ones to have an uncomplicated view of what gentrification is. But we're guessing that people who work on commissions to get people to pay lots of money to buy property in previously distressed neighborhoods aren't such ones, either. read more »
The full press release after the jump.
