|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||Tue, 29 Jul 2014 20:21:53 -0700 (PDT)|
|Subject:||[CPEO-BIF] New York's brownfields tax-credit recipients contribute to campaigns|
Related Leads Donors Getting N.Y. Brownfield Tax Credits By Martin Z. Braun and Freeman Klopott Business Week July 29, 2014 New York Governor Andrew Cuomo has collected at least $650,000 in campaign contributions from recipients of tax credits to redevelop industrial sites during the past four years, a review of state data show. Related Cos., its executives and entities controlled by the New York-based developer of Time Warner Center were the biggest donor, giving at least $262,700 to Cuomo, who is running for a second term. Syracuse shopping-mall magnate Robert Congel, members of his family and executives at his Pyramid Cos. contributed $143,250. Critics of the incentives, which have cost taxpayers more than $1 billion since 2006, say they benefit wealthy developers and have done little to clean up contaminated industrial sites. Unlike other states, New York doesn’t limit the program to cleanup costs, and a study found that 94 percent of its brownfields tax credits have been used for redeveloping properties instead of remediating blighted land. … For the entire article, see http://www.businessweek.com/news/2014-07-29/related-leads-donors-getting-n-dot-y-dot-brownfield-tax-credits -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope Street Mountain View, CA 94041 Voice: 650-961-8918 or 650-969-1545 Fax: 650-961-8918 LSiegel@cpeo.org http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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