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MegadealsSubsidy Tracker Individual Entry
Company: UBS Paine Webber, Inc.
Parent Company:
UBS
Subsidy Source: local
Location: New York
Address: 1285 Avenue of the Americas
Zip: 10019
Project Description: Current # of FTEs reflects FY08 employment; Paine Webber Incorporated currently leases approximately 567,000 square feet of space at 1285 Avenue of the Americas. The project will enable PaineWebber to keep its world headquarters, as well as its projected growth, in New York City. The bond proceeds will be used to finance tenant improvements at the 1285 and 1251 Avenue of the Americas and the purchase and/or lease of machinery and equipment at all project locations over a 20 year period. According to the preliminary budget, the total project cost is expect to be approximately $224 million.
Year: 2010
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Subsidy Value: $201,752
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
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.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.