PA land swap deal is off the books.The land swap deal where the Port Authority of N.Y. and N.J. would give up control of the World Trade Center site in exchange for New York's airports is off the books not recorded in the official financial records of a business; - usually used of payments made in cash to fraudulently avoid payment of taxes or of employment benefits. See also: Book for good. Last week, City Hall agreed to extend the PA's leases on La Guardia La Guar·di·a , Fiorello Henry Known as "the Little Flower." 1882-1947. American politician who was a U.S. representative from New York (1917-1921 and 1923-1933) and mayor of New York City (1934-1945). and John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation). John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in airports from 2015 to 2050. The agency has been operating the transportation venues for half a century, paying an annual rent to the City. The lease extensions mean the PA will retain control of the airports and the ownership of the WTC WTC World Trade Center, see there land. The possibility of a land swap deal was discussed earlier in the year, when the PA's plans to recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. most of the office space it lost in the terrorist attacks seemed to interfere with the City's plans for the WTC project. The idea met with opposition from Brooklyn and Queens borough officials, who did not want their airports controlled by a state agency. However, the PA will have to pay a price for getting its way--$700 million in back rent, $93.5 million in annual rent and $14 million a year in lieu of taxes for the WTC project. |
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