Testimony to IDA Board on Kingsbridge Armory
Director, Sustainability and Environmental Justice Initiative
March 5, 2009
The Pratt Center joins the Kingsbridge Armory Redevelopment Alliance in asking the IDA board not to vote for the package of tax deferrals and subsidies being requested by the Related Companies until Related enters into a binding agreement committing that the project will create the benefits to the community and to the city’s economy that justify the public investment this project is demanding. You are being asked to vote on $13 million in tax breaks, but there is much more on the line here.