The New York City Economic Development Corp. has proposed a way around a legislative deadlock in Albany that has shut down tax-exempt bonding by industrial development agencies for civic facilities.

The board of the New York City Capital Resource Corp. at its monthly meeting Wednesday will consider an amendment to its incorporating documents that would allow it to issue bonds that the New York City Industrial Development Authority is unable to at this time. It also would exempt the corporation from future legislative actions concerning IDAs.

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