The Muslim center planned near the site of the World Trade Center attack could qualify for tax-free financing, a spokesman for City Comptroller John Liu said on Friday, and Liu is willing to consider approving the public subsidy.
The Democratic comptroller’s spokesman, Scott Sieber, said Liu supported the project.
"If it turns out to be financially feasible and if they can demonstrate an ability to pay off the bonds and comply with the laws concerning tax-exempt financing, we’d certainly consider it," Sieber told Reuters.
Spokesmen for Mayor Michael Bloomberg, Governor David Paterson and the Islamic center and were not immediately available…
The mosque’s backers hope to raise a total of $70 million in tax-exempt debt to build the center, according to the New York Times. Tax laws allow such funding for religiously affiliated non-profits if they can prove the facility will benefit the general public and their religious activities are funded separately…
Talk about a double-whammy... and the NY idiot legislation is probably going to go for it too...I honestly, don't know what to say about this anymore... (although I'm sure some of my Facebook friends will have no problem telling me why this will be okay, but a tax-subsidy to rebuild that Greek Orthodox church that went down in the crash will be "wrong"?).
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