While many Manhattan abatements are ending, Brooklyn has several projects with 15-year or longer abatements.
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"Abatements work," he said, citing next-door Jersey City as an example.
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When we say tax incentives what we usually mean are tax abatements.
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Online, he was enticed by several new buildings in Greenpoint, Brooklyn, with tax abatements.
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Some developers blame their old foe, high taxes, while bemoaning the loss of tax abatements.
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Fort Worth and Tarrant County provided a total of $146.7 million in tax abatements for up to 20 years.
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He pays almost $70,000 in annual property taxes, while many of his new high-rise neighbors receive tax abatements.
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CA Ventures also obtained some $2709 million in abatements for the development of three new towers in downtown Phoenix.
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Tax abatements given to certain developments encouraged more building, and residents priced out of more central neighborhoods fanned outward.
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And the project received tax abatements under a now-expired subsidy program and is not required to include affordable units.
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The $200 million project is supported by local, state and federal loans, tax abatements, and tax credits for historic buildings.
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"Let the city offer some incentives and abatements that might offset the costs and encumbrances of landmark status," he said.
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The city's abatements cost more than $2.5 billion, but another $500 million in revenues was lost via state-administered subsidy programs.
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New York State also recently increased the value of the tax abatements it offers for such roofs in some city neighborhoods.
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These have come in the form of property tax abatements, corporate income tax credits and, perhaps most importantly, sales tax exemptions.
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City officials often use tax abatements and other foregone tax revenue to induce developers to create or preserve affordable housing units.
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But the bulk of those abatements weren't cash handouts — they were discounts on the taxes Amazon would have paid in the future.
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The project is also expected to qualify for city tax abatements that builders in some more expensive neighborhoods can no longer claim.
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The biggest chunk of lost revenues were from property tax abatements for housing developers, nearly all under a now-expired affordable housing program.
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What transpires is a harmful, zero-sum competition to bundle commercial property tax abatements with an alphabet soup of tax credits and handouts.
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They offer tax abatements, $1 land leases, and produce cloying videos to prove that they, alone, are the hardest working of the bunch.
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In doing so, many will offer all sorts of taxpayer subsidized goodies such as tax credits, property tax abatements and tax-increment financing.
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Photo gallery: Athletes charged with murder A history of abatements Abatement has generally been recognized in Massachusetts even in high-profile cases of suicide.
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They built industrial and office parks, and offered millions of dollars in tax credits and abatements to lure companies to Northampton and Lehigh Counties.
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He received $1.4 million from HUD yearly since 2007 and tax abatements from the city of Hartford from 2011 until the spring of 2018.
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But Bennion said that mayors can work with city councils to set wage and benefits standards for companies seeking tax abatements and other incentives.
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States and cities have long used abatements, subsidies and other tax incentives to lure companies, keep them from leaving or encourage them to expand.
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Earlier this month, Cuomo introduced his Affordable New York legislation, calling for qualifying new residential developments to get full property tax abatements for 35 years.
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Harlem has seen an influx of tourists, developers and stroller-pushing young families, described in the media as "urban pioneers," attracted by city tax abatements.
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The city is business friendly, with a 6 percent corporate tax rate, and tax credits and abatements for job creation and development in economically distressed areas.
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The city and state had agreed to a $2 billion to $85033 billion package of tax abatements and other handouts to persuade the company to come.
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In February, the town noted that property tax abatements granted to Rivian would reduce its 2018-2019 operating fund by $74,900 and its library fund by $32,200.
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He used his connections to help Mr. Trump secure zoning variances and tax abatements critical to the construction of the Grand Hyatt Hotel and the Trump Plaza.
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"You're competing with regional cities that have lower taxes and better tax abatements," said Dan Marks, a partner at TerraCRG, a commercial real estate brokerage in Brooklyn.
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Politicians are using public policies, from renaming a city to offering billions of dollars in grants, infrastructure improvements and tax abatements, to take credit for companies' location decisions.
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The project is entitled to 103% property tax abatements for a 10-year period, after which property tax revenue for the county will start being generated as well.
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But many of these abatements are now expiring just as a slowdown in sales and falling prices has made it harder for sellers to stand out, he said.
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The housing stock available is built and owned by private developers who typically receive subsidies, tax abatements or zoning benefits in exchange for creating below-market-rate units.
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By next spring, some 50,000 state and local governments are expected to issue their reports for corporate tax abatements, said Klinger, who is developing a database of the information.
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New York City's package for Aetna includes up to $5 million in sales tax benefits, $3.6 million in property tax abatements over 10 years and $782,000 in energy bill discounts.
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Some of the awards may not yet be in effect, and the awards can take many forms, from tax rebates and abatements to grants, loans, infrastructure assistance and training reimbursements.
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In Manhattan, south of 2421th Street, any project seeking 22-a property tax abatements would have to pay an average wage of "no less than" $220 an hour, including benefits.
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After months of organizing, litigation and news conferences, we won, and the tenants were able to stay in their apartments, with rent abatements to compensate for the conditions they endured.
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In the secular architecture of New York, few houses of worship invite more devotion than our massive sports venues, built on the holy commandments of tax abatements and corporate sponsorship.
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Sellers in buildings with expired abatements are also often competing with owners in similar circumstances, sometimes in the same buildings, which can push sale prices down further, Mr. Miller said.
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Many states have come under fire for being overly generous with tax breaks in their attempts to lure businesses with tax abatements, with Foxconn's planned Wisconsin plant being another recent example.
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The $4.53 billion subsidy to Foxconn quickly grew to over $4.5 billion, including local government tax abatements, new roads to connect to the plant, and a ratepayer-funded power transmission line.
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In September 2014, Nevada won the bidding with a package of near-$22007 billion in tax abatements, land, road improvements and energy discounts for the plant that was built near Reno.
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She said she would also consider tax abatements for new construction in distressed neighborhoods, and a cap on residential property taxes so that people are not taxed out of their homes.
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While data centers, with relatively small staffs, are not a big source of jobs, they contain millions of dollars of components that provide a lucrative source of tax revenue, even with abatements.
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He also pointed out that, compared with the north, residential developments below Grand Street have a greater share of tax abatements extending for longer periods of time — as much as 2157 years.
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"Sometimes people are just priced out of the buildings that they bought in," said Martin Eiden, an agent with Compass, who sold the listing and has represented other units with expiring abatements.
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The experience of reading The Art of the Deal is a bit like that of reading North Korean propaganda, if Kim Jong-Un were obsessed with tax abatements and casino profit margins.
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The same force motivated him to seek property tax abatements worth tens of millions of dollars to make projects such as the Grand Hyatt hotel at Grand Central Terminal in New York more profitable.
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Some mayors offer companies generous tax breaks and abatements to bring jobs to their cities—deals that have not always worked out as planned and opened them to charges of doling out corporate welfare.
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The NYC Artist Coalition also wants to work with the city to create tax abatements and other incentives for affordable spaces, as well as turn underused and empty city-owned spaces into performance spaces.
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But when we examined local property tax abatements and state payroll-tax diversions, we found the cost was more than four times higher: $1.3 billion, making it the costliest "transplant" deal in U.S. history.
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The city's latest annual financial report from Comptroller Scott Stringer, released on Monday, was the first in the United States to include new mandated information about how much these tax abatements have cost the city.
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That deal's size is similar to other major offers Indiana economic officials have extended to businesses -- and is similar to the tax abatements and credits states and municipalities run by Democrats and Republicans offer nationally.
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The property, with three loading bays, has 24 years remaining in the Industrial and Commercial Abatement Program, a New York City property tax savings program that offers the owner over 50 percent in tax abatements.
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Potentially sweetening any deal, Extell executives said, is the building's 25-year tax abatement, a rarity after the state's 421-a affordable housing program did away with abatements for most condos in a 2017 revamp.
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Small-town chamber of commerce directors and mayors still have big dreams, and use their perkiest grins and tax abatements to try to lure new businesses, only to see their hopes dashed, time and again.
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In the past, his participation in politics had been confined to getting his mentor Roy Cohn to push through tax abatements, changes to zoning restrictions, and the like—or making political donations to accomplish such goals.
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The specter of higher taxes has prompted some New Yorkers, like the Intrieris, to seek relief by moving to lower-tax states, while others have deliberately sought out buildings with tax abatements to reduce their costs.
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In his brief posting, which linked to a story in The New York Times about the investor roadshow in China, Mr. Fulop indicated that he had found fault with the terms of the requested tax abatements.
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Many older skyscrapers along Wall Street and lower Broadway, unappealing to commercial tenants, were rezoned as residential towers, their conversion accelerated by some sweet tax abatements engineered by Mr. Giuliani and the New York State Senate.
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"Unless Nycha grants abatements, the Legal Aid Society will take necessary legal action to enforce our clients' rights," Lucy Newman, a staff lawyer for the Legal Aid Society, wrote in a letter sent to Nycha on Friday.
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Mr. Kaufman soon assembled a group of private investors, including Johnny Carson, Alan King and Neil Simon, and the city, which had taken title to the property, granted the enterprise a 99-year lease and tax abatements.
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The Governmental Accounting Standards Board, a private-sector group that sets generally accepted standards for governments, issued a rule that state and local governments must now reveal how much communities lose in tax revenues through business tax abatements.
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Tax breaks: Apple is getting some incentives for the Austin expansion in the form of a $25 million grant from the state of Texas and what's likely to be tens of millions of dollars in local property tax abatements.
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Of the total, $621 million in personal income and corporate franchise tax abatements went to the film industry for movies and television series that were mostly shot in New York or used a state company for post-production work.
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Texas, for instance, could eliminate its version of California's renewable mandate, end local tax abatements for wind and solar farms, and force renewable generation to pay for the billions of dollars of costs they impose on the electricity grid.
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The waterfront complex was built as a middle-class enclave in the 2503s under the Mitchell-Lama program, a New York State plan that spurred the construction of middle-income housing by giving developers low-interest mortgages and tax abatements.
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The buildings are part of a revitalization effort in the city's core, but some officials are questioning whether tax abatements and other incentives given to the developer, Cordish Companies of Baltimore, are appropriate for residential projects that cater to the affluent.
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While prices for these abated units ultimately went up over the past decade, the last five years tell a different story, with sales price actually falling an average of 3.6 percent, just as many 421-a abatements have phased out.
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A management plan can help owners tap into other sources of cash, like leasing hunting rights or participating in state programs that provide tax abatements for, say, improving wildlife habitat or water quality, said Raymond A. Lamberton, president of New England Forestry Consultants.
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She also digs at the central tensions currently in play out there, including how Tesla's hiring spree has impacted Reno's housing crisis and how the company leans on public resources that — thanks to the sweetheart tax abatements it landed — it's ostensibly not paying for.
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The artist has only gifted his "idea," but the construction and the installation of the sculpture, estimated at €3.5 million at least, will be financed by arts patrons, French patrons especially, who would benefit from tax abatements of up to 66% on their contributions.
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Through March 31, the end of the state fiscal year, New York provided more than $1.2 billion of abatements to companies that promised to clean up polluted sites, create or retain jobs in economically depressed areas including upstate, develop low-income housing and employ at-risk youth in cities.
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An examination of a Texas program that offers companies tax abatements in exchange for economic investment found that, despite the state spending an estimated $7 billion, including $4 billion subtracted from local schools, between 85 and 90 percent of the projects would have located there even without such enticement.
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Several City Council members are pushing a bill that would require any rental housing project that receives taxpayer subsidies — such as tax abatements, loans, tax credits or reduced-cost land — to set aside 15 percent of its created or preserved units for people living in the city's shelter system.
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Apple announced last week to much fanfare that it would build a new data center in the small Iowa town of Waukee, but the L.A. Times' Matthew Hiltzik estimates that, given the $208 million in tax abatements Iowa is granting Apple, the state is spending $4.1 million per permanent job created by the data center.
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In the end, though, Amazon didn't so much go with the highest bidder as simply select two fairly conventional choices — Long Island City in New York and the Crystal City area in the DC suburbs — happy to swoop up the generous tax abatements offered by Virginia and the even more generous ones offered by New York.
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Rafael Salamanca Jr., a councilman from the Bronx, will introduce legislation on Wednesday that will mandate that any rental housing project that receives taxpayer subsidies — such as tax abatements, loans, tax credits or reduced-cost land — has to set aside 15 percent of its created or preserved units for people living in the city's shelter system.
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Since Mr. Baraka took office in 2014 he has won the support of affordable housing activists by adopting policies like inclusionary zoning, which requires developers to offer 20 percent of residential units below market rate in new buildings with more than 30 units, Developers can also receive tax abatements for hiring minority and female contractors as co-developers on projects to build affordable housing.
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" Denied access to his subject, members of his family and most of his associates, Mr. Tuccille relied heavily on newspaper and magazine accounts to produce what Michael Sterne, writing in The New York Times Book Review, called "a gee-whizzer of a biography" that "points to a key to Mr. Trump's career — his ability to turn political friendships, tax abatements and government loans into opportunities for profit.
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The centerpiece will be a 5,000-seat rink that could eventually be the home of the Riveters, whose muscle-flexing logo figure honors Rosie the Riveter, a symbol of American women who worked in factories during World War II. In Figueroa's role as project engineer for Gilbane Building Company, she speaks of abatements, excavations and cantilevers with the same composure with which she fends off opponents or charges up the ice to set up a Riveters power play.
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Most of Bloomberg's fortune, estimated at $4 billion when he first ran for office in 2001 -- came from a 72% ownership stake in the financial information firm he started, Bloomberg L.P. After the surprise victory by Bloomberg, a serious concern about possible conflicts of interest came to light: His main business, providing data terminals and financial information to Wall Street firms, put him in a financial relationship with major New York companies -- including Citigroup, J.P. Morgan Chase and Goldman Sachs -- that were also lobbying the city government for contracts, tax abatements and other favors.
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Wilmer offers a low tax rate along with incentives that include City Tax Abatements, Economic Development Sales Tax Funds, City of Wilmer Sales Tax - 380 agreements, Triple Freeport Exemptions, State of Texas Programs, Dallas County Tax Abatements, Federal Programs including New Market Tax Credits, and a Foreign Trade Zone (FTZ). Read more.
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"Dell seeks space for expansion Firm makes proposal for tax abatements." Austin American-Statesman. November 5, 1992. B4. Retrieved May 4, 2010.
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Upon the whole, as the author seems to share all the common miseries of life, he appears to partake likewise of its lenitives and abatements.
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Quote:"Tax abatements were considered by Tesla to be a crucial part of its financial plan for the Gigafactory". "Credits {TTC A – on jobs. Up to 6,000 jobs $12,500 / job; $75.0 million} {TTC B – on investment. $3.5 billion investment 5% on $1B, 2.8% on $2.5B; $120.0 million} {Subtotal $195.0 million}". Size: 9MB in 98 pages For 2014-2018, tax abatements were $240 million. The nearby data centers from Apple Inc.
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In 2007, one of Kansas City's development agencies began a program to allow property tax abatements for art-related business who would otherwise be priced out of the neighborhood by fast-rising property values. Neighborhood leaders lobbied for the program to prevent the "Soho Effect" of gentrification. Tax abatements had been granted to developers to attract new residents to the neighborhood with high-end condominiums and lofts next to the galleries.
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The tax abatements that facilitated this conversion expire in 2018 and in November 2017 developer Madison Equities offered to purchase the properties and redevelop them as high rises.
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Hays was also a major opponent of tax abatements for corporations, stating that they shift the tax burden from corporations to citizens. Hays believed that communities are often forced to offer such abatements to lure corporate investment or to appease corporations when they threaten plant closures or layoffs. His contention was that these tax breaks usually netted little long-term return for the communities that offered them. Hays supported Senator Edward Kennedy for President in 1980 and introduced him at a major speech in Evansville.
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Manilla is working to bolster its declining population by providing free land and property tax abatements to attract new residents.Kilen, Mike. "Free land the key to small towns' growth?" The Des Moines Register, November 15, 2009.
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In the second half of the 1870s crop failures caused serious hardships. Wages fell and evictions were on the increase. Tenants began to demand rent abatements. This marked the beginning of the Land War in 1879 which lasted until 1882.
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Many buildings in New York state have achieved high LEED status, which earns their owners grants or tax abatements, including the Empire State Building and the Hearst Tower. The standards are actually promulgated by a non-governmental organization (NGO), the Green Building Certification Institute.
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Then- Mayor Steve Bartlett attempted to persuade Mr. Williams to seek a buyer who would convert the offices to apartments, but the Dallas City Council did not pass enhanced tax abatements for inner-city housing renovations until October 1993, too late to stop the process. On June 25, 1994, the building was destroyed by implosion.
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Election Act 2008: §§ 433–440 The results of any count or recount are published, and successful candidates are notified by their respective bodies.Election Act 2008: §§ 441–462 In the event of disputes surrounding elections and candidates, the Election Act provides a substantive and procedural framework for petitions, trials, and withdrawals and abatements of petitions.
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In return, the development must remain a limited-equity cooperative until 2022. Under the terms of agreements reached with the City of New York in 2002, and separately with the United States Department of Housing and Urban Development, Penn South's eligibility for tax abatements offered by Mitchell-Lama was extended to 2052.History, Penn South. Accessed September 1, 2017.
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The city has also contributed to the revitalization with tax abatements for businesses and road projects, including new bike lanes and sidewalks, with their total investment in the neighborhood amounting to $49.3 million."Mayor, City Council, Business And Neighborhood Leaders Celebrate Completed Morse Road Improvement Project (PDF)" , City of Columbus. 24 June 2010. Retrieved 27 June 2010.
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The Battle of Cleveland: Public Interest Challenges Corporate Power by Dan Marschall In 1976, Cleveland was one of four cities to receive federal support on such a project. The mayor commented afterwards that the people mover ought to go "back to Disneyland where it belongs." He also vetoed eight ordinances, most of which were tax abatements and subsidies.
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Most recently 10 new townhomes have been built on the block of 1900 Geary St at the site of the former Holy Spirit convent. Geary Estates in Packer Park are 3-story, New Construction Homes with luxury amenities including 2 car parking, decks, skyline views, finished basement, granite counters, stainless steel appliances, luxury cabinetry, 10 year tax abatements, etc.
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The project was Yager's firm's first project within the City of Houston limits. Yager's firm managed the project, as Parkside Homes was the home builder. Yager's investors, which did not receive any tax abatements included GBF/LIC 288 Ltd and Lumbermen's Investment Corp. The City of Houston expected $1.5 million in revenues within seven to eight years of the development of City Park.
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"The Importance of a Net Lease Administration." Net Lease Advisor (2011): 2-3. Calkain Companies. Calkain. Web. In one variation of a NNN lease contract, the "bondable NNN lease" (sometimes referred to as a "true triple net" or "absolute triple net" lease), the tenant cannot terminate the lease or seek any rent abatements under any circumstances, a provision that mitigates some of the risk for the landlord.
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116–117 While Curley argued Hynes lacked experience, Hynes responded that the city could not "afford the city bosses anymore," and tapped into widespread dissatisfaction with the city's high tax rate to defeat Curley in the primary.O'Neill, pp. 117–127 During his lame duck period, Curley granted a large number of tax abatements and granted exorbitant city contracts to cronies, further hampering the city's finances.O'Neill, p.
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City of Waterbury, ; June 30, 2009; retrieved January 18, 2011. In 1998 the city established an Information Technology Zone over a 42-block area including the historic district. The state spent $2.2 million installing fiber optic, and set aside money for incentives to encourage businesses to locate in the zone. These include tax abatements and financing for eligible businesses, those which use modern technology to conduct their business.
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In August 1954, the state of New York passed legislation that took the LIRR out of bankruptcy and designated it as a Railroad Redevelopment Corporation, and over twelve years, $60 million was provided to improve the LIRR. This improvement focused on the western electric territory. This was complemented by tax abatements for the LIRR and the PRR. It was then promised by the PRR that it would reinvest profits into the LIRR's improvement program.
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While not directly connected to the JCMC, a 2.5-acre parcel owned by the city is planned to become a proton therapy treatment center, though the deal is contingent on tax-abatements the city is reluctant to give. In October 2012 the JCMC announced that it would implement an on-line appointment service for non-threatening emergency room treatment, becoming the first hospital in the New York metro area to do so.
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Unlike abatements based on a percentage of the property value, the structure of the program benefits primarily extremely large projects. The majority of projects are in the petrochemical or energy sectors, although some are typical manufacturing. Created by the Texas legislature in 2001, and initially set to expire in 2007, the program has been renewed several times. In 2013, the Texas Legislature reset the expiration date of the program to December 31, 2022.
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Simultaneously, the United Food and Commercial Workers Local 1500, which represents grocery store workers, is working to create healthy food options for all New Yorkers through supermarkets, Community- supported agriculture, urban agriculture, and farmers' markets. The FRESH program attempts to increase access to full-service grocery stores in designated "underserved" areas with help in zoning incentives, abatements of land and building taxes for 25 years and other tax subsidies such as sales tax exemptions on building materials.
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On January 2, 1991, Knorr-Bremse acquired New York Air Brake's rail braking business from General Signal, however, they did not purchase Stratopower, or Dynapower. Knorr-Bremse is a maker of braking systems for rail and truck vehicles. By the end of 1993, NYAB stopped manufacturing the Westinghouse brake in favor of Knorr-Bremse's improved DB-60 air brake featuring poppet valve technology. Consolidation of operations into one building, tax abatements, and state funding kept the company in Watertown.
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The homeowners also get free classes in financial literacy and building maintenance. They receive a 2%, 30-year fixed mortgage, contribute a cash down-payment of 1% (compared to the standard 20%), enjoy property-tax abatements and live in an energy-efficient home. To qualify, potential homebuyers must be of low- to moderate-income, have good credit (a FICO score of 620 or higher), be willing to contribute "sweat equity" to help build their home and be a first-time homeowner.
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Formal economic development plans have been adopted by Alamogordo and by Otero County. OCEDC has recruited several new employers by using financial incentives. A 1-800-Flowers call center opened in November 2001 and received $1.25 million in city rent abatements, a 50% reduction in property taxes from Otero County, and $940,000 in plant training funds from the State of New Mexico. A Sunbaked Biscuits cookie factory opened in 2006 and received $800,000 in job-training incentives from the state.
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He was a key intermediary between the Mexican government and foreign companies, serving on their boards, as well as helping arrange "government subsidies and tax abatements and financial support for foreign firms."Wasserman, "Enrique Clay Creel" p. 369. His haciendas once totaled more than 1.7 million acres (6,900 km²). Creel was one of Díaz's advisers who had urged the president to be interviewed by James Creelman of Pearson's Magazine, in which Díaz declared he would not be a candidate for president in 1910.
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He purchased a considerable proportion of the neighbouring Gulston estate for £45,000 and also owned property through his mother's family in the Teifi valley and at St Clears. He was regarded as a popular landlord, partly due to his practice of supporting local tradesmen rather than those based in London. At the time of his death it was said that he regularly granted rent abatements at times of agricultural depression. This was often cited as a reason for his political success, particularly in later life.
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Later that year, the members of the Legislature convened for a special session in order to approve proposed tax abatements for Tesla Motors, that would then build a battery factory in Nevada. Although Spearman criticized the proposal, because it would eliminate a program that helped small businesses, she voted for it. During the 2015 regular session, Spearman among other things introduced on behalf of absent Senator Debbie Smith a bill that would have prohibited people convicted of domestic violence and stalking to own guns.
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St. Louis Mayor Francis Slay allowed Cortex to redevelop the area broadly in the "public interest" by issuing tax abatements and using eminent domain. Cortex hired CEO Dennis Lower, who executed a plan called Cortex 2.0 and converted the district from strictly bioscience to an open mixed-used district and added support for startup technology companies. In summer 2014, Square, the payments company set up by St. Louis natives Jim McKelvey and Jack Dorsey, opened offices at Cortex 4240. In 2015, Ikea opened in Cortex.
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In 1977, Ken Cockrel was elected to a seat on the Detroit Common Council as an "independent socialist." A number of the community members, volunteers, and his close political allies who worked on his Ccouncil campaign formed an organization known as the Detroit Alliance for a Rational Economy (DARE). This organizations served as a research team that helped brief Cockrel on topics like tax abatements for wealthy developers and corporations and public health. DARE also served as a mass political force that called for strong community control of the most basic urban institutions.
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Jewish agricultural colonies in the Russian Empire were first established in Kherson Governorate in 1806. The Ukase of December 9, 1804 allowed Jews for the first time in Russia to purchase land for farming settlements (kolonii – singular: koloniya). Jews were provided with various incentives: tax abatements, reduced land prices, and (after the 1827 decree on military conscription, which introduced it for the Jews) exemption from military service. Other colonies in New Russia and Western Krai followed. In 1835 an abortive attempt to establish Jewish colonies in Siberia was made.
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It was announced in December 2019 that Brazil-based gun manufacturer Taurus Holdings, Inc. had been granted a $39 million tax-incentive package to move from the Miami, Florida area to Bainbridge in return for creating 300 jobs. The package includes $20 million for construction, $7.9 million in tax credits, $4.5 million for infrastructure, $4.3 million in property-tax abatements, and $3 million for equipment, in addition to a land lease arrangement of $1/year for 73 acres (20 hectares) of land. The subsidy comes to $130,000 per job.
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These courts were described as a "shadow legal system" by British academic Frank Ledwidge. According to historian Charles Townshend, the formation of courts was the "most unacceptable of all acts of defiance" committed by the Land League. In 1881, Foster complained that the Land League's law was ascendant: From 1882, the Irish National League organised courts to replace those of the earlier organisation. The key provisions forbade paying rent without abatements, taking over land from which a tenant had been evicted, and purchasing their holding under the 1885 Ashbourne Act.
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Chrysler never pressed a case against the dealers who had sold the works to him, but when his collection was eventually transferred to the Chrysler Museum of Art in Norfolk, Virginia, the suspect works were removed. It has been alleged that Chrysler had a reputation for acquiring art works but not paying for them. In 1971, the museum relocated to Norfolk after municipal authorities refused Chrysler's request for tax abatements, although it has been suggested he was asked to leave Provincetown by authorities due to persistent homosexual soliciting.
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In the past, clawback phenomena have been used primarily in securing tax incentives, abatements, tax refunds, and grants. Clawbacks are distinguished from repayments or refunds as they involve a penalty, in addition to a repayment. The use of tax incentives for attracting jobs and capital investment has grown over the past decades to include performance measures from which to gauge a company's growth. Typical measures are: #number of created jobs over 5 or 10 years; #annual payroll; #amount of capital investment over a similar time frame; and #amount of depreciated value in a given time.
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Western or "behind" side AT&T; had been granted a tax break of $42 million, under the condition that the company would keep its headquarters at 550 Madison Avenue and not rent out the space to other tenants. Having decreased in size substantially, AT&T; signed a 20-year lease agreement on 550 Madison with Sony and relocated its headquarters to 32 Sixth Avenue, between Walker and Lispenard Streets. Sony was granted an option to purchase the building. AT&T; returned $14.5 million to New York City to compensate it for tax abatements made as part of a 1987 renegotiation.
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Connolly describes the incident as "a cold, calculated, well-planned political move". Thornton was a noted proponent for proposals to restore and expand San Antonio's historic center in the area around the Alamo,Michael Kilian, "Battleground: Once Again The Alamo Is The Site Of A Bitter Campaign Waged To Determine Autonomy", Chicago Tribune, April 24, 1995. as well as a supporter of tax abatements to promote tourism through the construction of new hotels. His term as mayor was marked by tension between the mayor and members of the city council (including his ultimate successor Howard Peak).
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For example, many members of the French royal house had a red border or bend against the blue field. Also, in Great Britain, cantons added to indicate baronetcy of Ulster (argent, a hand couped gules) ignore this rule; otherwise they could be displayed by no one with a metal field. Augmentations and abatements do not have to conform to the rule. Another violation which is usually not worried about is a green mount on a blue field representing the sky, and some of the methods of depicting the sea, waves or the like are similarly treated.
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In 1998, FedEx built a $300 million mid-Atlantic air-cargo and sorting hub at Piedmont Triad International Airport, following an intensive competition for the hub among other regions of the state, as well as locations in South Carolina. The project was challenged in court based on the quality of planned noise and pollution abatements from neighborhoods near the planned hub site. The hub opened in 2009. Originally projected by FedEx to employ 750 people in its first two years of operation and eventually 1,500, local FedEx employment has been nearly the same as before the facility was constructed.
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Critics of the program argue that many of the projects receiving the abatement would have located in Texas for other reasons. Two large LNG projects are being built in Texas even after being refused Chapter 313 abatements by the local school district. Wind farms, they say, find Texas an ideal location due to its rich wind resources, separate electrical grid, and large rate-payer-funded transmission networks. They say that the program's petrochemical projects locate in Texas largely because of little regulation, proximity to rich oil and gas shale plays, and access to deep-water ports and pipeline networks.
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The principal achievement of Wallace's first term was an innovation in Alabama industrial development that several other states later copied: he was the first Southern governor to travel to corporate headquarters in northern states to offer tax abatements and other incentives to companies willing to locate plants in Alabama. He also initiated a community college system that has now spread throughout the state, preparing many students to complete four-year degrees at Auburn University, UAB, or the University of Alabama. Wallace Community College (Dothan), is named for his father. Wallace Community College Selma (Selma), and Wallace State Community College (Hanceville) are named for him.
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The Irish National League (1882–1910) was a more-moderate association which replaced the Land League after the latter was suppressed. The key provisions of the National League's code forbade paying rent without abatements, taking over land from which a tenant had been evicted, and purchasing their holding under the 1885 Ashbourne Act (except at a low price). Other forbidden activities included "participating in evictions, fraternizing with, or entering into, commerce with anyone who did; or working for, hiring, letting land from, or socializing with, [a] boycotted person". The League enforced its code with informal tribunals, typically led by the leaders of local chapters.
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Plascore was founded in 1977 as a manufacturer of honeycomb core sold to various value added manufacturers. By the 1980s, Plascore’s product development and manufacturing capabilities led the company into value-added markets, including cleanroom walls, ceiling and door systems for semi-conductor and pharmaceutical sectors; panels for transportation products and building materials and energy absorbers for various markets. In 2002, Plascore received an award from CERN for its role in the design and manufacture of large honeycomb panels used in detection chambers. In August 2009, Plascore received tax abatements from the city of Zeeland for new equipment and machinery installed at its facilities in Zeeland.
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On March 18 the National Restaurant Association asked the federal government for at least $145 billion to provide relief to restaurants and restaurant workers. Groups of restaurateurs in New York City, Cincinnati, Philadelphia and Seattle called on governments to provide help to the nation's small and independent restaurants. On March 19 the New York group called for state governments to issue orders for rent abatements, suspension of sales and payroll taxes, and a full shutdown so that business interruption insurance coverage would be triggered. On March 20, the Cincinnati group called on the federal government to provide a $225 bailout to the restaurant industry.
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Supporters of the program argue that Texas' high local property tax rates put the state at a disadvantage when competing for businesses making new investments. Business groups say tax abatements are largely responsible for the "Texas Miracle," attracting projects that would have not come to Texas otherwise. Without the 313 program, they say, Texas cannot compete with other states for new business investment. Proponents of the program claim that local school district property revenue reductions created by the abatement do not create a real cost to the state, arguing that "but for" the program, none of the companies applying for the abatement would have located in Texas.
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A bondable lease (also called an "absolute triple net lease", "true triple net lease", "hell-or-high-water lease", or "absolute net lease") is the most extreme variation of a triple net lease, where the tenant carries every imaginable real estate risk related to the property. Notably, these additional risks include the obligations to rebuild after a casualty, regardless of the adequacy of insurance proceeds, and to pay rent after partial or full condemnation. These leases are not terminable by the tenant, nor are rent abatements permissible. The concept is to make the rent absolutely net under all circumstances, equivalent to the obligations of a bond: hence the "hell- or-high water" moniker.
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Opting out is a political expression that was formulated in Canada to describe the intention of a province to remove itself from a program administered by the federal government, or to exempt itself from a constitutional amendment that would transfer its legislative powers to Parliament. Up until the 1960s, a province that did not participate in a shared-cost program would suffer a financial penalty for exercising this choice. The province of Quebec exercised this choice on occasion despite the financial cost. In the 1960s, negotiations between the federal and the Quebec governments led to tax abatements or fiscal compensation formulas which compensated the Quebec government when it opted out of federal programs.
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He later partnered with SL Green Realty to acquire properties in Williamsburg, Brooklyn. Shaoul also began developing a dormitory for the School of Visual Arts in Manhattan and ventured into Tribeca where he purchased the top 22 floors of the 32 story art-deco Verizon Building for conversion to condominiums.Curbed New York: "Details Revealed for Ben Shaoul's Verizon Tower Conversion" by Jeremiah Budin April 11, 2014 In July 2014, he purchased the 199-unit Post Toscana on the Upper East Side and the 138-unit Post Luminaria in Kips Bay for $270 million to convert into condominiums. Both buildings have soon-to-expire tax abatements thereafter exempting them from rent stabilization rules.
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Constitutional Amendment Proposed by Initiative Petition - This initiative sought to amend the state constitution so as to require Massachusetts income tax rates to be graduated, in order to distribute the burden of the tax fairly and equitably. The proposed amendment would require the rates for taxpayers in higher income brackets to be higher than the rates for taxpayers in lower income brackets. The proposed amendment would also allow the state Legislature to grant reasonable exemptions and abatements and establish the number and range of tax brackets. The proposed amendment would eliminate from the Massachusetts Constitution the present requirement that income taxes must be levied at a uniform rate throughout the state upon incomes derived from the same class of property.
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Property Tax Abatement program Commercial property owners could be eligible for tax abatements (relief) on improvements they make to their business properties, as part of an ordinance passed by the Township Board of Commissioners and Cheltenham Township School District in December 2002. The tax break was extended in 2005. Under the ordinance, tax on the improved part of the property would be phased in over five years, and the owner would not pay the full amount of municipal and school district taxes on the improvements until six years after the abatement is granted. To be eligible for the tax abatement, properties must be deemed “deteriorating” (“a commercial, industrial, retail or other non-residential business property… that has fallen into a state of degeneration, decline or disrepair…”) and be in one of the Township's five commercial districts – Glenside, Elkins Park East, Elkins Park West, East Cheltenham Avenue and Cheltenham Village.
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Business Loans, Christmas Toys Program, Environmental Job Training and Affiliate Programs: the Incubator/Fifth Avenue Mall and Main Street.” Moreover, under the State Enterprise Zone Program, the GUEA was chartered to work with qualified businesses located within the enterprise zone and to direct fiscal collection or the capture of certain tax abatements, tax credits, and tax exemptions. Programs or tax incentives that funded zone activities included 1.) the Inventory Tax Abatement Program (no property tax on business inventory in the zone), 2.) the Gross Income Tax Exemption Program (exemption from gross income tax in increase in receipts from zone operations). 3.) the Investment Cost Credit Program (State income tax credit for individuals purchasing an ownership interest in zone businesses), 4.) Loan Interest Credit Program (state income tax credit on lender interest income), 5.) Employment Expense Credit Program (State income tax credit based on wages paid to qualified zone employees), and 6.) Employee Tax Deduction Program (qualified employee wages being exempted from State income taxes).
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Portuguese town of Castello Rodrigo, inverted for the town's treachery in the 1383–1385 Crisis An abatement (or rebatement) is a modification of a coat of arms, representing a less-than honorable augmentation, imposed by an heraldic authority (such as the Court of Chivalry in England) or by royal decree for misconduct. The practice of inverting the entire escutcheon of an armiger found guilty of high treason has been attested since the Middle Ages and is generally accepted as reliable, and medieval heraldic sources cite at least one instance of removing an honourable charge from a coat of arms by royal decree as an abatement of honour. Other abatements of honour implied by the addition of dishonourable stains and charges, appearing in late 16th-century texts, have never been reliably attested in actual practice. Additionally, as many heraldic writers note, the use of arms is not compulsory, so armigers are more likely to relinquish a dishonored coat of arms than to advertise their dishonor.
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The New York Times, in its 2005 profile of McCall, wrote of his understanding of "the sense of impassioned, aggrieved, engaged localism that defines New Jersey." McCall had become locally prominent for his online activism as a blogger about New Jersey arts and politics, and the Times described his blog, the Tris McCall Report, as one in which McCall provided opinion journalism about "local elections, the closing of a favored rock club" and the like, as well as news gathering in which McCall took the role of a local reporter, interviewing local elected officials with "earnest questions about tax abatements, arts district designations or property revaluations." According to the Times, in McCall's writing, issues such as the proposed demolition of an "artists' loft building" assumed "World War III proportions." In 2003 and 2004, McCall had written about controversies surrounding the development of the Powerhouse Arts District in Jersey City, New Jersey, including the eviction of a local arts center in a building that was to be demolished in 2007.
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