U.S.: “Ground Zero Mosque”: Park51 developers could get public financing
- If it turns out to be financially feasible and if they can demonstrate an ability to pay off the bonds and comply with the laws concerning tax-exempt financing, we’d certainly consider it.
- Scott Sieber, a spokesperson for NYC city comptroller John Liu • On the possibility that the Park51 site will receive tax-free financing. Backing from Liu, a Democrat who supports the “Ground Zero Mosque” project, could be just what the project needs. The developers are trying to raise $70 million in tax-exempt debt for the project, which has mostly been troubled with overwraught drama thus far. source