http://www.planNYC.org/ PlanNYC | New York City Planning Information Portal en-us ja3n@earthlink.net http://www.plannyc.org/modules.php?op=modload&name=Issues&file=index&catid=1&issueid=94#1668 The new Diamond Tower on 47th Street received early approval from the city's Economic Development Corporation yesterday. Extell Corporation, the developer of the new Diamond District Tower, stands to benefit from the approval because it can receive close to $50 million in tax breaks for its 50-story tower on 47th Street. The main provision of the tax incentive is that most leases in the $434 million building have to go to gem businesses. Some area landlords and local businesses are weary of the tax deal. 2006-11-15 00:00:00 http://www.plannyc.org/modules.php?op=modload&name=Issues&file=index&catid=1&issueid=94#1632 Local landlords lobby the Industrial Development Agency to re-think proposed $37 million in tax incentives for new Diamond District Tower. 2006-11-09 00:00:00