WTC Tax Credits to be Converted to Transportation Resources?
November 8, 2004 - City Council holds public hearing on proposal to use converted unused WTC tax credits for a rail link to JFK Airport and Long Island. Read GJNY's testimony.
October 7, 2004 - Proposal to convert WTC Tax Credits to transportation resources blocked by House Republicans. Read coverage in Crain's New York Business News.
July 29, 2004 - State and city officials and downtown real estate interests continue to push for funds for Long Island/JFK rail link.
Read coverage in Bloomberg Newswire, in Newsday, in am-New York (page 3)
Read about the Liberty Zone Tax Credit programs (Worker Opportunity Tax Credits and Accelerated Depreciation Allowance) proposed to be converted