00911nam a2200145Ia 4500 20260716043126.0 11.01.02 S663 Smith, Winston C. Economic evaluation of the J51 tax incentive program of New York Century University AlbuquerqueUS 1993 xi,182 leaves Presents 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. 3/7/00 M2LMGR M S663 40842 40842