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Brooklyn Botanic Garden Shadow-Casting Towers Qualify for Generous Trump Tax Break State Lawmakers Want to Slash

A proposed apartment complex that could overshadow the Brooklyn Botanic Garden may contain no affordable housing under a new alternative unveiled by its developer — yet still qualify for a Trump-era tax break some state lawmakers hope to curb.

The former factory site at 960 Franklin Ave. in Crown Heights is part of an Opportunity Zone, an area designated by Gov. Andrew Cuomo as eligible for 10 years of tax-free earnings for investors under 2017's federal tax overhaul.

Click here to view original web page at www.thecity.nyc

Rendering/Community Board 9 Brooklyn/Facebook A rendering from a presentation to Community Board 9 on a proposed new development in Crown Heights. A proposed apartment complex that could overshadow the Brooklyn Botanic Garden may contain no affordable housing under a new alternative unveiled by its developer — yet still qualify [...]




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