Goldman Sachs Group’s new headquarters, adjacent to the World Trade Center site, will be subsidized by taxpayer money, according to Bloomberg. When construction of the 43-story skyscraper began in November 2005, the government was so determined to keep office tenants in Lower Manhattan that the new headquarters’ proposed location granted the company the ability to sell $1 billion in tax-free Liberty Bonds, Bloomberg reported, and landed them $49 million in job grant funds and tax exemptions. John Cahill, who was chief of staff to former New York Governor George Pataki, and helped negotiate the deal, said that the incentives to keep Goldman in the Financial District were essential to the health of the neighborhood. “It was absolutely imperative that Goldman Sachs keep its world headquarters downtown,” Cahill said, adding that, “they had the financial resources to move anywhere.”
Posts Tagged ‘goldman sachs group’
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S. David Jagarnauth is seeking $184,000 plus interest from Paul Massey’s (right) Massey Knakal for the sale of 44-30 Macnish Street in Queens.In three separate lawsuits filed last week, an independent broker is suing Massey Knakal Realty Services for $184,000; Goldman Sachs Group is seeking $3.1 million in lease commissions from the Moinian Group and contractor RCDolner claims Alexico Group owes it more than $600,000 in construction payments at the Oliver. Click here for the full story. [more]

