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Posted on August 28, 2010 | tags

 
 

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
 
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