Urban Matters, a publication of The New School's Center for New York City Affairs, featured this update on post-pandemic Hudson Yards by SCEPA researchers.
Tax increment financing (TIF) is a popular but controversial financial tool used by local governments to fund economic development.
Rather than being "self-financing," New York's Hudson Yards project cost the city $2.2 billion in costs, largely due to tax breaks provided by the city to incentivize development and standard development risks and costs.
Copyright ©2020 Schwartz Center for Economic Policy Analysis The New
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Copyright ©2020 Schwartz Center for Economic Policy Analysis The New School