A developer's savings from the tax-exempt financing can be significant.

The tax-exempt financing produced a maximum yield of 6.78 percent for a bond due in 2015.

Beyond 400 East 84th Street, the company plans to close on its tax-exempt financing within 60 days for two others.

The study predicted that the use of tax-exempt financing would decline by 20 percent in the future.

One can reasonably oppose state use of tax-exempt financing for economic development.

The more tax-exempt financing that is allowed, the lower the cost to the teams.

An 80-20 income mix is characteristic of the buildings that use tax-exempt financing.

The 80-20 method of tax-exempt financing was also attractive, he said.

Neither Pace nor the developer would give specific costs, though more than $370 million in tax-exempt financing has been sought for the project.

He also said that tax-exempt financing would save the teams millions of dollars a year.