Carnegie Hall Tower may owe the city more than $2 million in back taxes, New York City Comptroller John Liu told the New York Post.
The 60-story tower at 152 West 57th Street owes the city a percentage of rent that it pays Carnegie Hall under a “subsidy agreement” with the city, last updated in 1993, the Post said. The city told the Post it was likely a “technical oversight.”
Liu said the tower deducted $8.7 million in expenses without approval and failed to report income. [NYP] –Guelda Voien