As an insurance company, MetLife was ineligible for New York's valuable Relocation Employment Assistance Program (REAP) to help fund its move from Manhattan to Queens. BLS & Co. worked with New York City to create an alternative mechanism to help MetLife capture value from City incentives. This took the form of a large property tax abatement on a facility MetLife intended to sell in Manhattan.
BLS & Co. also helped obtain development approvals and re-zoning of an adjacent parcel to accommodate expansion in Queens. The overall package also included city capital improvements and amenities in the area surrounding the new headquarters building.