On March 22, 2012, the DoITT selected [[Neustar]] as partner in handling and managing the application and operations of the proposed .nyc TLD. Under the agreement Neustar will pay all the required $185,000 [[ICANN]] application fee, post application fees including the $25,000 annual fee once the TLD is approved. According to Nicholas Sbordone spokesperson for the DoITT, the registration for .nyc TLD will be limited to individuals, businesses and organizations with "substantive and lawful connection to the city." The New York City government will receive 40% from the total revenues generated by .nyc TLD and its estimated minimum income for the first five years is $3.6 million. <ref>[http://www.informationweek.com/news/government/state-local/232700077 NYC To Apply For .nyc Domain]</ref> | On March 22, 2012, the DoITT selected [[Neustar]] as partner in handling and managing the application and operations of the proposed .nyc TLD. Under the agreement Neustar will pay all the required $185,000 [[ICANN]] application fee, post application fees including the $25,000 annual fee once the TLD is approved. According to Nicholas Sbordone spokesperson for the DoITT, the registration for .nyc TLD will be limited to individuals, businesses and organizations with "substantive and lawful connection to the city." The New York City government will receive 40% from the total revenues generated by .nyc TLD and its estimated minimum income for the first five years is $3.6 million. <ref>[http://www.informationweek.com/news/government/state-local/232700077 NYC To Apply For .nyc Domain]</ref> |