Trump to announce Riverside So. 'tax plan.' (Donald Trump seeking change in tax policy affecting his Riverside South residential development project in New York, New York)High taxes are claiming jobs in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , an adamant Donald Trump  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. told a crowd of building industry professionals last week.
"The biggest priority has to be to reduce taxes," Trump proclaimed pro·claim tr.v. pro·claimed, pro·claim·ing, pro·claims 1. To announce officially and publicly; declare. See Synonyms at announce. 2. ." ... they've got to bring down the number so people say I've got to move to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ." As the developer of Riverside South
Riverside South , one of the few private-sector projects on the drawing board in New York City, Trump said those who are willing to invest in the Big Apple need incentives to take a bite rather than be penalized pe·nal·ize tr.v. pe·nal·ized, pe·nal·iz·ing, pe·nal·iz·es 1. To subject to a penalty, especially for infringement of a law or official regulation. See Synonyms at punish. 2. . In two or three weeks, Trump said, he will announce his "tax plan" for the project, which consists of 5,700 residential units to be built from 59th Street to 72nd Street on the site of the abandoned Penn rail yards. The third in a series of building industry breakfast forums focusing on future projects and the jobs they will create attracted some 150 executives, including engineers, construction managers, contractors and suppliers. A Building Congress spokesperson said they had to "cut off" the number permitted to attend because of the room's capacity. In addition to the oilerous transfer, capital gains and mortgage recording taxes, Trump said the city's economy is also hurt by a 21.5 percent hotel tax. After many years of zoning battles and community negotiations, Trump said he is determined to build this project, but he will need a show of support from government in the way of tax incentives. "There's no way I've wasted six years on this and not have it happen," he said. The tax burden in other cities is so much less, Trump said, that the temptation for corporations and investors to focus themselves in those regions is great. "In other cities, if you are a developer, they erect e·rect adj. 1. Being in or having a vertical, upright position. 2. Being in or having a stiff, rigid physiological condition. you a statue," he said. "In New York, if you are a developer, you've got a problem." The breakfast forums are co-sponsored by the New York Building Congress and New York Construction News. |
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