A $10 million renovation of the Crowne Plaza in Albany, New York, is expected to start this fall now that city officials approved a new, 30-year property tax break for the hotel’s owner.

The board of the Industrial Development Agency voted unanimously to approve the new tax break, said Michael Yevoli, the city’s commissioner of development and planning.

Why not? The city is all set for tax revenue apparently. No need to get any from this big money entity.

This must be some form of the "shared sacrifice" I've been hearing about.