Subsidy Tracker Individual Entry

Company: 
American Broadcasting Company, Inc. (1995)
Parent Company: 
Walt Disney
Subsidy Source: 
local
Location: 
New York
Address: 
77 West 66th Street
Zip: 
10023
Project Description: 

The Company entered into a Commercial Incentive Bond project with NYCIDA on April 1, 1995 for a total project amount of $250,000,000 renovate, improve, acquire, equip, install, and maintain a commercial facility in the City consisting of the construction of renovations and improvements to the Leased Premises located at 30 West 67th Street and 47 West 66th Street, New York, New York and the acquisition and installation of machinery, equipment, and certain other tangible personal property, all for use in the production, transmission, and operation of a media company.;

Year: 
2009
Major Industry of Parent: 
entertainment
Specific Industry of Parent: 
entertainment
Subsidy Value: 
$216,500
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 
652
Capital Investment: 
$250,000,000
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs number is total of estimated created and estimated retained (including construction jobs).

Source Notes: 
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