The Real Deal New York

Government news roundup: Penn South gets 50-year tax break; Second Avenue subway work delays, flood barriers move forward and more

Snapshots of government-related real estate news
By Maya Kaufman | August 13, 2014 04:30PM

From the August issue: In this month’s roundup of government-related real estate news, TRD checks in on Penn South, which received a 50-year tax break from Albany lawmakers. Underground, delays on the Second Avenue Subway may threaten the line’s December 2016 debut. Lastly, Gov. Andrew Cuomo scored $511 million in loans to help fund the $3.9 billion Tappan Zee Bridge replacement. See these items and more after the jump.