Aetna HQ rendering, building at 61 Ninth Ave.
NEW YORK CITY—In June 2017, New York state and city officials, and Aetna had announced the insurance company's plans to move its headquarters from Hartford, CT. to New York City as reported in GlobeSt.com.
The insurance company planned to move in late 2018 into the 165,000 square-foot, Vornado Realty Trust property at 61 Ninth Ave. in Chelsea.
Empire State Development offered Aetna $24 million in performance–based tax credits over 10 years. The New York City Economic Development Corp. planned to give Aetna $9.6 million in incentives. The city incentives included $4.25 million in sale tax benefits; New York City Industrial Development Agency property tax benefits valued at $3.8 million over 10 years and enhanced sale tax benefits and a business incentive rate discount valued at $1.5 million over 10 years.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
