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Q&A
Financing for Queens Future project
0:41:55
ยท
30 sec
Council Member Moya asks for clarification on proposed tax incentives or financing programs being provided by the city for the Queens Future project. Michael Sullivan from Queens Future LLC clarifies the funding structure.
- The project will be privately funded
- Financing will come from Steve Cohen (Mets owner) and Hard Rock International
- No public funding or tax incentives are mentioned as part of the project financing
Francisco Moya
0:41:55
Thank you.
0:41:56
And could you clarify the proposed tax incentives or finance programs financing programs being provided by the city?
Michael Sullivan
0:42:05
This is a publicly funded project.
0:42:08
My boss, Steve Cohen, and Hard Rock International, our partner, are committing to build this project.
0:42:14
Private.
0:42:15
Private.
0:42:16
I said pub.
0:42:17
Private investment from Steve Cohen and our partner Hard Rock International.
Francisco Moya
0:42:23
Got it.
0:42:23
Thank you.
0:42:24
Thank you.
0:42:24
Thank you, chair.