00829nam a2200109Ia 4500080001800000100002200018245006900040260004400109300001800153520052900171583001900700  a11.01.02 S663  aSmith, Winston C.  aEconomic evaluation of the J51 tax incentive program of New York  bCentury UniversityaAlbuquerqueUSc1993  axi,182 leaves  aPresents an economic evaluation of the J51 program using the technique of cost/benefit analysis and utilizing data over the period 1977-1991. Identifies the program's direct costs as the real estate tax revenue forgone in the form of abatement and exemption benefits by New York City while the direct benefits are considered as the increase in real estate tax revenue which will result from improved property valuation when the benefits are expired. Suggests the programme should be modified or replaced with an alternative.  c3/7/00kM2LMGR