Howard Hughes announced a victorious decision by the New York State Court of Appeals for its planned 250 Water Street project in Lower Manhattan, clearing the way for the Seaport development to proceed. The company said, “Today’s court decision upheld the Appellate Court’s ruling in favor of the project, and together with the State’s extension of the recent 421-a tax exemption, has cleared all existing impediments to construction and unlocked tremendous value for Howard Hughes shareholders.”
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