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MegadealsSubsidy Tracker Individual Entry
Company: New York Times Company, The
Parent Company:
New York Times Co.
Subsidy Source: local
Location: New York
Address: 620 Eighth Avenue (a/k/a Site 8 South)
Zip: 10036
Project Description: See footnote 1: The Company entered into a Commercial Incentive Straight Lease project with NYCIDA on December 1, 2001 to (i) improve, install and maintain certain space leased by the Lessee and or one or more of its affiliates in the building to be constructed at Site 8 South in the 42nd Street Redevelopment Area in New York, NY, and (ii) equip and outfit the Facility Realty Location located at 122 East 42nd Street, 229 West 43rd Street, 311 West 43rd Street, 122 Fifth Avenue, 1133 Sixth Avenue, 500-512 Seventh Avenue or 841 Broadway, New York, NY or 4725 34th Street, Long Island City, NY, all for the purpose of providing offices for the primary news gathering and executive editorial functions in connection with The New York Times and related operations of the Lessee and Eligible Affiliates.
Year: 2012
Major Industry of Parent: media
Specific Industry of Parent: publishing
Subsidy Value: $68,122
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
Wage Data: salary created: 0; salary retained: 0
Wage Data Type: estimated salary
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs and wages are estimates.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.