Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / tax-structure-memo.docx
tax-structure-memo.docx
Parties
Metropolitan Transit Development Corp
Hudson Yards West Mortgage LLC
Hudson Yards West Mezzanine LLC
Single-member LLC
Delaware LLC
Profile Metropolitan Transit Development Corp
York City Economic Development Corp
HYW Mezzanine LLC
Dates
February 25, 2025
December 31, 2024
June 1, 2020
September 12, 2023
October 25, 2023
December 15, 2027
March 15, 2028
Amounts
$920,000,000
$475,000,000
$200,000,000
$45,000,000
$600
$675,000,000
$18,900,000
$30,000,000
$1,000,000
$1,120,000,000
Obligations
No recognition letter from the IRS is required, though the entity must be prepared to demonstrate its qualification if challenged
MTDC is subject to audit by the Illinois Auditor General and must submit an annual report to the Illinois General Assembly
To preserve this result, the following conditions must be maintained: (i) Single-member status must be maintained
(ii) Income must not be diverted to non-governmental purposes
All net income from the Project must accrue to MTDC and be used in furtherance of MTDC's governmental mandate
(iii) The Project must continue to serve MTDC's governmental mandate