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Mar 6, 2008

NPR's new HQ to be property tax-free for two decades

NPR will not have to pay property taxes on its new home near Washington's Union Station for 20 years, reports the Washington Post. The tax abatement offered by the District of Columbia, worth an estimated $40 million, was a major reason NPR opted to remain in Washington, D.C., rather than move to nearby Silver Spring, Md., home of Discovery Communications. Mediabistro posted internal memos and an FAQ about the move here.

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