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Friday, September 03, 2010

Builders Of N.Y. Mosque Face Financial Hurdles

Developers are about a quarter-million dollars behind on taxes and fees

NEW YORK — The developers planning to build a $100 million Islamic center near the World Trade Center site still have financial hurdles to clear: They haven't finished buying all the property they want for the project and are nearly a quarter-million dollars behind on real estate taxes and late fees.

How serious those problems might be depends on who is backing the project — and that's still a big unknown.

The real estate partnership that controls the site of the planned cultural center, health club and mosque insists it has the financial wherewithal to put the project together, and that its failure to pay its first two quarterly property tax payments this year is not evidence of fiscal ill health.

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1 comment:

Mardela said...

I think this is all a farce to try and rally the left and get there base out to vote.