The Traderszone Network

Published in TZ Latest News 10 January, 2017 by The TZ Newswire Staff

Related, Oxford nab $195M in tax breaks for 50 Hudson Yards

The taxman cometh, but not for Related Companies and Oxford Properties Group’s 50 Hudson Yards. The developers will receive $195 million in tax breaks from the city for their planned $4 billion office tower. The Industrial Development Agency agreed to allow the developers to make fixed payments in lieu of paying property taxes, Crain’s reported. The agency also gave them a discount for the mortgage recording tax on the property, according to the publication.

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