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MegadealsSubsidy Tracker Individual Entry
Company: Yankee Stadium LLC
Parent Company:
Subsidy Source: local
Location: New York
City: Bronx
Address: 1 East 161st Street
Zip: 10451
Project Description: Yankee Stadium LLC # of FTEs before IDA status is 544, Original Estimate Of Jobs to be Retained is 544, and the original Estimate Of Jobs to be Created is 2534. The project would not have occurred but for the exemption of construction sales tax and mortgage recording tax and access to tax-exempt bonds. The City and NYCIDA have, therefore, taken the position that any assistance in the form of PILOT does not represent incremental costs to the City (as there is no alternative scenario in which such amounts would have been collected). Employment numbers for this project may include those of tenants at the project property.
Year: 2013
Subsidy Value: $219,911
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. See original source for jobs and wage information.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.