City wants 421-a bill vetoed

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The Bloomberg administration wants Governor Spitzer to veto the 421-a reform bill that passed the Legislature late last month when it reaches his desk. Meanwhile, the city is looking for the Legislature to amend the bill so it extends the abatement for government-supported middle-income housing, makes the 421-a “exclusion zone” smaller and rescinds the $300 million tax break given to Atlantic Yards. “The position is still that we are negotiating to try to get a better bill before it goes to the Governor’s desk,” said Neill Coleman, a spokesman for the city’s Department of Housing Preservation and Development. “Then we are looking for a veto. Right now there isn’t a bill before the Governor to veto.” more [NYO]