I was part of the team that worked out the Tax Exemption and tenant (Civic Hall) lease escalation details.
NYEDC leases property to RAL they build building, Not-for-profit status gives building 33% exemption, which benefits the tenant and developer.
We get Tax certiorari work and consulting fee.
Boy I love the projects we are involved with.
Oh, by the way, Civic Hall is a free tech training organization helping young people get into highly specialized fields.