#tax-abatement tag

US states can't account for datacenter tax breaks. Literally

Many US states violate GAAP by not disclosing revenue losses from datacenter tax subsidies, costing billions in lost revenue.

NYC real estate

fromHoodline

1 week ago

Parkview Pays $13.1M For 24-Unit Building In Bushwick

North Bushwick's 73 Starr St. sold for $13.1 million, highlighting strong demand for tax-abated properties despite quieter ground-up development.

NYC politics

fromtherealdeal.com

3 weeks ago

Mamdani crackdown targets condo and co-op tax cheats

Residency requirements for voting in New York are ambiguous, impacting co-op and condo owners amid new tax abatement documentation rules.

fromwww.theguardian.com

1 month ago

The digital colonization of flyover states': how datacenters are tearing small-town America apart

Amazon has sought a tax abatement that would see its datacenter exempt from paying property taxes for 30 years in exchange for the funding of local schools and infrastructure projects. The people up on city council are, for the most part, good people. They care about the community, [but] they have been taken advantage of by these companies.

Online Community Development

New York Islanders

fromtherealdeal.com

6 months ago

Mamdani's rent freeze is more likely than ever. Now what?

Landlords propose expense-reducing policies (public insurance, tax abatements) to ease distress in rent-stabilized buildings anticipating a Mamdani rent freeze.

New York City

fromForbes

6 months ago

New York City Tackles Housing Crisis With Midtown South Rezoning Plan

Rezoning of 42 Midtown Manhattan blocks will enable nearly 10,000 housing units, including about 3,000 permanently affordable, and encourage office-to-residential conversions.

fromBusiness Insider

9 months ago

Oracle got big tax breaks in Texas for Stargate. Now it's going back for more.

Oracle is disputing the property valuation of its Stargate data center site in Abilene, Texas, in an effort to lower its tax bill further.

Real estate

Cryptocurrency

fromThe Nation

11 months ago

Texas's Crypto-Mining Racket

Local opposition to tax abatement for a cryptocurrency mine highlights community concerns over corporate influence and transparency in decision-making.

Residents were not adequately informed about the cryptocurrency mining expansion before approval discussions.

#tax-abatement#tax-abatement