Knight, president of the Greater Jamaica Development Corporation, fills vacancy on 13-member Commission. On December 16, 2015 the City Council approved Hope Knight as the newest member of the City Planning Commission. Ms. Knight was nominated by Mayor Bill de Blasio to fill the seat vacated by Bomee Jung when Ms. Jung resigned to take the position of Vice President of Energy and Sustainability with NYCHA. Ms. Knight will serve out the remainder of … <Read More>
Greater Jamaica Development Corporation
Nonprofit’s Parking Facilities Ruled Subject to Property Tax
Court of Appeals reversed decision of Appellate Division recognizing a tax exemption. In 2011, the Department of Finance revoked a property tax exemption granted for five public parking facilities owned by the nonprofit Greater Jamaica Development Corporation and its LLC, Jamaica First Parking. The exemption, granted in 2007 pursuant to RPTL §420-a in recognition of Greater Jamaica’s mission to spur development and growth in the downtown Jamaica area, was revoked on the grounds that operating … <Read More>
Parking Facilities Ruled Exempt from Property Tax
Parking Lots associated with Greater Jamaica Development corporation challenged Finance’s withdrawal of tax exemption. Greater Jamaica Development Corporation and Jamaica First Parking, LLC, brought an article 78 petition against the Department of Finance and the New York City Tax Commission, challenging the City’s revocation of a charitable tax exemption for the public parking facilities they owned and operated. On appeal to the Appellate Division, Second Department, the court restored the tax exemption.