00858nam a2200121Ia 450000500170000008000180001710000220003524500690005726000440012630000180017052005290018858300190071720260716043126.0  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