The Daily Dirt: NYC’s World Cup windfall is looking shaky
The World Cup is quickly approaching — but it’s so far unclear whether the tournament will be a boon for real estate. Early predictions from FIFA estimated the month-long soccer competition would yield more than $3 billion worth of economic activity in the New York City area, however The City reported that some city officials are now saying the expense of hosting could outweigh the earnings. Projections from Comptroller Mark Levine show the World Cup is expected to boost tax revenue by $55 million — a number his office expects to be offset by an additional $70 million in spending […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Chetrit, Moinian and Minskoff lose pair of Midtown
towers
New bill would expose landlords to more tenant union
lawsuits
Douglas Elliman issues Ryan Serhant cease-and-desist after
veiled comments about Howard Lorber
“Maximum distortion”: How deals are changing on Long
Island’s East End
The American Economy Enters Its “Lost Decade”
Harry Macklowe moves forward on latest condo project
Housing Notes: Hamptons, North Fork & Long Island
have a chronic supply problem
Staten Island rezoning is ahead of its time
NY Dirt: New bill may give retail storefronts blocked by
construction a lifeline
Renovate or Relocate? What To Know Before You Decide To Age
in Place
