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Pilot is an acronym for payments in lieu of taxes.
Some localities have negotiated "payments in lieu of taxes" from some nonprofit groups.
Those could include street improvements, bicycle paths and payments in lieu of taxes.
The second would allow casinos to make payments in lieu of taxes.
Payments in lieu of taxes do not begin for two decades.
3.30pm BST Lucy Adams: BBC 'custom and practice' to make payments in lieu of notice.
However, the company owes the city $25.5 million in rent and payments in lieu of taxes accumulated since 2007.
The plan says that special assessments and payments in lieu of taxes will guarantee "pedestrian network improvements as development occurs".
Instead it only had to make small "payments in lieu of taxes" for a 10-year period.
The city expects Carousel Center to yield $165 million over 25 years from Pyramid in payments in lieu of taxes.
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Because they are long, they will receive payments-in-lieu of dividends from the borrower and the collateral level adjusts daily.
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