19 years after 9/11, does Lower Manhattan still need subsidies?

In the nearly 20 years since the tragic Sept. 11 attacks, much has changed in Lower Manhattan. One constant, though, is a series of multimillion-dollar tax incentives designed to aid its recovery by attracting office tenants and encouraging the rehabilitation of older buildings in the area. As part of this year’s state budget, Gov. Andrew Cuomo and the legislature renewed three Lower Manhattan tax breaks. One exempts tenants who are paying an annual rent of

source https://therealdeal.com/2020/09/11/19-years-after-9-11-does-lower-manhattan-still-need-subsidies/