> These kinds of initiatives (tax breaks for social benefit) have supporters from all areas In general they are bad ideas. The city ends up forgoing more in ta

> These kinds of initiatives (tax breaks for social benefit) have supporters from all areas In general they are bad ideas. The city ends up forgoing more in tax revenue than the public benefits from the in-kind concession. And even if the benefits were equal, you should still prefer the cash because it is more optionality. Let the buildings pay their full property taxes and then if the city wants public spaces it can take some of that tax money and build parks. The same thing with affordable housing, if it is really so crucial that there be low income people living in multi-million dollar apartments in the west 60s, let the city take some of the full tax revenue it gets from the billionaires living there and rent or buy apartments for low income families. Cash is king.