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Please note that data are cataloged by fiscal years. For more info see our user guide.

New York City, NY Revenue Losses from Subsidy Programs

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Year sort iconProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2017The Com mercial Revitalization (C R P) and Com mercial Expansion (C E P) ProgramsReal estate development (commercial)$18,400,000$0$18,400,000Active
2017Industrial and Com mercial Incentive Program (ICIP) and Industrial and Com mercial Abatement Program (IC A P)Real estate development (commercial)$740,600,000$0$740,600,000Active
2017Sports Arena Used by the N H L and N B ASports and other mega events$42,000,000$0$42,000,000Active
2017Battery Park City AuthorityGeneral Economic Development$198,500,000$0$198,500,000Passive
2017Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])General Economic Development$317,700,000$0$317,700,000Passive
2016Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$4,600,000$0$4,600,000Active
2016Build NYC Tax Abatement ProgramGeneral Economic Development$11,700,000$0$11,700,000Active
2016Urban Development Action Area Programs (U D A A P)Housing$24,100,000$0$24,100,000Active
2016ivision of Alternative Management Programs (D A M P)Housing$34,100,000$0$34,100,000Active
2016Low Income Housing Prog 420-CHousing$164,200,000$0$164,200,000Active
2016J51 ProgramHousing$266,200,000$0$266,200,000Active
2016Commercial Conversion Programs 421-a, 421-b and 421-gHousing$1,286,900,000$0$1,286,900,000Active
2016Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$2,000,000$0$2,000,000Active
2016Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$5,000,000$0$5,000,000Active
2016Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$8,800,000$0$8,800,000Active
2016Relocation and Assistance Programs— Lower Manhattan Relocation & Employment AssistanceJob Creation/Retention$22,000,000$0$22,000,000Active
2016Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$28,600,000$0$28,600,000Active
2016Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$74,600,000$0$74,600,000Active
2016Commercial Revitalization & Commercial Expansion ProgramsReal estate development (commercial)$18,500,000$0$18,500,000Active
2016Industrial and Commercial Incentive Program & Abatement ProgramReal estate development (commercial)$709,400,000$0$709,400,000Active
2016Sports Arena Used by the N H L and N B ASports and other mega events$41,500,000$0$41,500,000Active
2016Battery Park City AuthorityGeneral Economic Development$185,100,000$0$185,100,000Passive
2016Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])General Economic Development$315,700,000$0$315,700,000Passive
2015Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$3,000,000$0$3,000,000Active
2015Build NYC Tax Abatement ProgramGeneral Economic Development$6,000,000$0$6,000,000Active
2015Urban Development Action Area Programs (U D A A P)Housing$24,800,000$0$24,800,000Active
2015ivision of Alternative Management Programs (D A M P)Housing$30,400,000$0$30,400,000Active
2015J51 ProgramHousing$259,700,000$0$259,700,000Active
2015Commercial Conversion Programs 421-a, 421-b and 421-gHousing$1,188,400,000$0$1,188,400,000Active
2015Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$800,000$0$800,000Active
2015Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$3,600,000$0$3,600,000Active
2015Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$22,000,000$0$22,000,000Active
2015Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$26,000,000$0$26,000,000Active
2015Relocation and Assistance Programs— Lower Manhattan Relocation & Employment AssistanceJob Creation/Retention$27,000,000$0$27,000,000Active
2015Flexible Rebate ProgramJob Creation/Retention$65,100,000$0$65,100,000Active
2015Commercial Revitalization & Commercial Expansion ProgramsReal estate development (commercial)$15,500,000$0$15,500,000Active
2015Industrial and Commercial Incentive Program & Abatement ProgramReal estate development (commercial)$700,100,000$0$700,100,000Active
2015Sports Arena Used by the N H L and N B ASports and other mega events$44,000,000$0$44,000,000Active
2015Battery Park City AuthorityGeneral Economic Development$173,700,000$0$173,700,000Passive
2015Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])General Economic Development$272,300,000$0$272,300,000Passive
TABULATED TOTAL$28,935,380,000$0$28,935,380,000