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world21h ago
Pakistan’s Roosevelt Hotel took $146M in NYC taxpayer cash for migrants — now owes $13.6M in back taxes
- The Roosevelt Hotel, owned by Pakistan, owes $13.6 million in back property taxes to New York City and nearly $1 million in unpaid water bills.
- New York City paid the Roosevelt Hotel to house migrants under a $220 million contract, averaging about $202 per night per room.
- The property has defaulted on its payment plan with the city Department of Finance, signaling ongoing tax and fee delinquency.
- A potential joint venture with the US government to redevelop the Roosevelt could trigger a federal tax exemption for the property.
- The Roosevelt served as the primary intake center for thousands of asylum seekers and housed thousands nightly during the peak period.
- The hotel has been linked to issues beyond housing, including the presence of criminal activity associated with migrants.
- The hotel’s position amid federal reimbursements and FEMA clawbacks adds to the complex financial picture facing the property.
- Pakistan's government has been seeking bids to redevelop the Roosevelt, with real estate firm JLL previously involved before withdrawing over conflicts.
- City officials did not respond to requests for comment on the tax delinquency and potential redevelopment plans.
- The Roosevelt’s migrant housing contract resulted in significant city expenditures and ongoing legal and fiscal disputes.
- The hotel’s ownership has been tied to broader debates over foreign government involvement in U.S. property and tax obligations.
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