"Istanbul city govt to gain historical buildings along Bosphorus
The New Anatolian / Ankara
19 September 2006
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Following recent property tax hikes, the Istanbul Greater Municipality is to gain a new source of income with the appropriation of historical buildings in Istanbul under a new bill.
Reports yesterday indicated that a new bill, amending the Bosphorus Development Law, stipulates that the ownership of historical buildings will be transferred from the Treasury to the Istanbul Greater Municipality. "
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