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WTC Records Folder 0123 Clippings label, Sept 2001

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Archival folder label for September 11 news clippings from the Office of the Mayor, identified as Folder 0123.

NYC-WTC_000136990–000137112

Folder label: “Folder 123

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NYC 9/11 Public Portal Document JR

y.w. /¢a

FINANCE NEW 'YORK THE CITY OF NEW YORK DEPARTMENT OF FINANCS

MEMORANDUM

To: Commissioner Andrew S. Eristoff

From: Izzy Schupper

Date: November 9. 2001 the Revitalization Program: Responding to Re: Lower Manhattan Commercial 9/11/01 Disaster City's current incentive several proposals to update the This memorandum outlines response to the September 11th attack. The cost of the program for Lower Manhattan in grow to $20 million annually after several years, enhancements, which we estimate could that the City and State are be included in the package of disaster subsidies could requesting from the Federal government. Commercial evital aon In 1995, the City implemented the Lower Manhattan reduce vacancy rates Pinroolder (CRP) to "jump start'• a weak downtownpercent economy The program offers tax abatements and were in excess of 20 office buildings that from below 96th Street in tenants moving into Lower Manhattan rebates to commercial benefits to tenants that renew it also provides these Manhattan and from outside the City.Downtown area. Specifically, eligible tenants can the leases in eligible buildings in to fi ve years and energy and commercial rent tax abatements for up receive real estate tax determine what changes would reviewing the program to cost rebates for 12 years. After needs of businesses and property owners in Lower responsive to the current and Property make it more economic recovery, Tax Policy Manhattan and accelerate the area's developed the following proposals. the buildings in the World CRP's geographic area could be expanded to include commercial tenants :Fiat, the benefits are available only to Financial Center. Currently, CRP "commercial revitalization area" which is bordered Manhattan located in the Downtown Street and Battery Place in the Frankfort, and Dover Streets in the north; State Although this zone includes by Murray. west. and West Street on the south; South Street on the east; other buildings that have been directly former World Trade Center and several West Street. the Financial Center. located west of impacted. it excludes the World

NYC-WTC 000137029

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NYC-WTC_000137029Source: NYC Law Department, mirrored locally

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