Money

Owners of NYC Zuccotti Park Owe $139K in Back Taxes

| by Michael Allen

The New York City Finance Department recently told the New York Daily News that Brookfield Properties, the owners of Zuccotti Park, owe $139,000 in back taxes from 2006, 2007, 2008 and 2009.

Zuccotti Park is the place where the Occupy Movement started earlier this fall. The Occupy Movement has often stated that the wealthy do not pay their fair share in taxes.

New York City Councilman Jumaane Williams (D-Brooklyn) said: “That’s obviously ironic. Occupy Wall Street has been talking about economic disparity … and here’s Brookfield Properties, which has worked with the mayor to keep the messengers out, not paying their share.”

Williams was arrested near the Brooklyn Bridge last month during a massive Occupy Wall Street rally. Brookfield, however, said they actually owed nothing and blamed the tax bill on a mistake by the city.

“We believe that we have paid all taxes due to the City of New York,” company spokeswoman Melissa Coley insisted. “We are in discussion with the city’s Department of Finance, and we anticipate that this error will be resolved very shortly with Brookfield owing no additional funds.”

In all, the city said it was owed $149 million from about 40,000 entities for unpaid taxes dating back to 2000.