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NYC Industrial Development Agency Proposes to Subsidize Major League Baseball and Harlem Park

Under the proposal, CV Harlem LLC (care of Vornado Realty), would receive almost $9 million in tax breaks to construct and equip a 592,000 square foot office building between park and Madison Avenues and 124^th and 125^th streets. Major League Baseball would be one of the building’s tenants and the IDA proposes to provide them with $2.4 million in Sales tax exemptions for this proposed Harlem location.

• View IDA project materials for Major League Baseball Subsidy

• View IDA project materials for Harlem Park

There was a public hearing on the project March 6th, 2008. View Public Hearing Notice Here.

• View Good Jobs New York's Testimony

• View Testimony of Craig Schley, Executive Director of VOTE People

• Charles Callaway from WE ACT also spoke at the hearing about their concerns regarding this project and other construction along 125th street.