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New York City, NY Revenue Losses from Subsidy Programs

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YearProgram NameProgram Type sort iconGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2015Sports Arena Used by the N H L and N B ASports and other mega events$44,000,000$0$44,000,000Active
2016Sports Arena Used by the N H L and N B ASports and other mega events$41,500,000$0$41,500,000Active
2017Sports Arena Used by the N H L and N B ASports and other mega events$42,000,000$0$42,000,000Active
2018Sports Arean Used by NHL and NBASports and other mega events$42,400,000$0$42,400,000Active
2019Sports Arena Used by the NHL and NBASports and other mega events$43,100,000$0$43,100,000Active
2020Sports Arean Used by NHL and NBASports and other mega events$42,500,000$0$42,500,000Active
2021Sports Arean Used by NHL and NBASports and other mega events$43,900,000$0$43,900,000Active
2022Sports Arena Used by NHL and NBASports and other mega events$43,200,000$0$43,200,000Active
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
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
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
2018Major Capital Improvement (MCI) ProgramProperty improvements$18,500,000$0$18,500,000Active
2020Major Capital Improvement (MCI) ProgramProperty improvements$16,600,000$0$16,600,000Active
2021Major Capital Improvement (MCI) ProgramProperty improvements$17,700,000$0$17,700,000Active
2022Major Capital Improvement (MCI) ProgramProperty improvements$21,400,000$0$21,400,000Active
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
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
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$568,000$0$568,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$1,800,000$0$1,800,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$3,600,000$0$3,600,000Active
2017Relocation and Assistance Programs— (R E A P), Lower Manhattan Relocation and E mployment Assistance Program for Eligible Benefits (L M R E A P-E B) and Lower Manhattan Relocation and E mployment Assistance Program for Special Eligible Benefits (L M R E A P-SE B)Job Creation/Retention$28,000,000$0$28,000,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$29,500,000$0$29,500,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$51,000,000$0$51,000,000Active
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
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
2017Major Capital Improve ProgHousing$7,700,000$0$7,700,000Active
2017Urban Development Action Area Programs (U D A A P)Housing$23,000,000$0$23,000,000Active
2017ivision of Alternative Management Programs (D A M P)Housing$39,400,000$0$39,400,000Active
2017Low Income Housing Prog 420-CHousing$210,800,000$0$210,800,000Active
2017J51 ProgramHousing$286,900,000$0$286,900,000Active
2017Commercial Conversion Programs 421-a, 421-b and 421-gHousing$1,381,400,000$0$1,381,400,000Active
2018Division of Alternative Management Programs (DAMP)Housing$42,600,000$0$42,600,000Active
2018J51 ProgramHousing$294,500,000$0$294,500,000Active
2020Division of Alternative Management Programs (DAMP)Housing$46,800,000$0$46,800,000Active
2020J51 ProgramHousing$301,100,000$0$301,100,000Active
2021Division of Alternative Management Programs (DAMP)Housing$19,400,000$0$19,400,000Active
2021J51 ProgramHousing$295,900,000$0$295,900,000Active
2022J51 ProgramHousing$272,500,000$0$272,500,000Active
2022Division of Alternative Management Programs (DAMP)Housing$48,000,000$0$48,000,000Active
2015Build NYC Tax Abatement ProgramGeneral Economic Development$6,000,000$0$6,000,000Active
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
2016Build NYC Tax Abatement ProgramGeneral Economic Development$11,700,000$0$11,700,000Active
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
2017Build NYC Tax Abatement ProgramGeneral Economic Development$1,600,000$0$1,600,000Active
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
2018Industrial Incentive Program - Sales TaxGeneral Economic Development$2,255,000$0$2,255,000Active
2018Commercial Growth Program - Sales Tax AbatementGeneral Economic Development$3,414,000$0$3,414,000Active
2018Industrial Incentive Program - Mortgage Record TaxGeneral Economic Development$6,476,000$0$6,476,000Active
2018Industrial Incentive Program - PILOTGeneral Economic Development$34,456,000$0$34,456,000Active
2018Commercial Growth Program - PILOTGeneral Economic Development$52,250,000$0$52,250,000Active
2019Build NYC Tax Abatement ProgramGeneral Economic Development$5,136,000$0$5,136,000Active
2019Commercial Growth and Industrial Incentive ProgramsGeneral Economic Development$114,323,000$0$114,323,000Active
2019Battery Park City Authority (The Authority)General Economic Development$162,200,000$0$162,200,000Passive
2020Industrial Incentive Program - Sales Tax AbatementGeneral Economic Development$750,000$0$750,000Active
2020Industrial Incentive Program - Mortgage Record Tax AbatementGeneral Economic Development$937,000$0$937,000Active
2020Commercial Growth Program - Mortgage Recording Tax AbatementGeneral Economic Development$2,268,000$0$2,268,000Active
2020Commercial Growth Program - Sales Tax AbatementGeneral Economic Development$7,051,000$0$7,051,000Active
2020Industrial Incentive Program - PILOTGeneral Economic Development$37,788,000$0$37,788,000Active
2020Commercial Growth Program - PILOTGeneral Economic Development$130,142,000$0$130,142,000Active
2021Industrial Incentive Program - Sales Tax AbatementGeneral Economic Development$42,831,000$0$42,831,000Active
2021Commercial Growth Program - Sales Tax AbatementGeneral Economic Development$168,288,000$0$168,288,000Active
2022Commercial Growth ProgramGeneral Economic Development$180,045,000$0$180,045,000Active
2022Industrial Incentive ProgramGeneral Economic Development$38,825,000$0$38,825,000Active
2015Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$3,000,000$0$3,000,000Active
2016Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$4,600,000$0$4,600,000Active
2017Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$7,000,000$0$7,000,000Active
2018Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$11,200,000$0$11,200,000Active
2019Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$15,400,000$0$15,400,000Active
2020Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$20,400,000$0$20,400,000Active
2021Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$24,300,000$0$24,300,000Active
2022Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$25,800,000$0$25,800,000Active
2018Build NYC Tax Abatement ProgramConstruction/rehabilitation$2,444,000$0$2,444,000Active
2018The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$18,700,000$0$18,700,000Active
2018Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$21,800,000$0$21,800,000Active
2018Industrial and Commercial Incentive Program (ICIP) and Industrial and Commercial Abatement Program (ICAP)Construction/rehabilitation$738,700,000$0$738,700,000Active
2018Commercial Conversion Programs 421-a, 421-b, 421-gConstruction/rehabilitation$1,480,700,000$0$1,480,700,000Active
2018Empire State Development CorporationConstruction/rehabilitation$332,100,000$0$332,100,000Passive
2019The Commercial Revitalization (CRP) and Commercial Expansion (CEP) ProgramsConstruction/rehabilitation$15,200,000$0$15,200,000Active
TABULATED TOTAL$28,935,380,000$0$28,935,380,000