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MegadealsSubsidy Tracker Individual Entry
Company: National Broadcasting Company (now NBCUniversal, a subsidiary of Comcast)
Parent Company:
Comcast
Subsidy Source: multiple
Location: New York
County: New York
Project Description: broadcasting company offices and studios
Year: 1987
Major Industry of Parent: telecommunications
Specific Industry of Parent: telecommunications; media
Subsidy Value: $98,000,000
Subsidy Value in 2023 Dollars: $252,908,673
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)

Number of Jobs or Training Slots: 4,000
Source of Data: The subsidy value and breakdown as well as the projected number of retained jobs came from: Alan Finder, "New York City Prestige Outweighs Lower Costs in Jersey, NBC Chief Says," New York Times, December 9, 1987.
Notes: NBC, which claimed it was considering a relocation to New Jersey, received property tax abatements (via a payment-in-lieu-of-taxes agreement) worth $73 million and sales tax exemptions on construction materials and machinery worth $25 million. Overlaps with main Subsidy Tracker data: $8.3 million NYC Commercial Growth Project entry for 1988.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.