Critical Public Finance

Insights blog

The Cost of Hudson Yards Redevelopment Project

SCEPA's working paper on the costs of the city's Hudson Yards project was featured in the New York Times, New York 1, Gothamist, New York Magazine's Intelligencer, CityLab, the Guardian, and a New York Post editorial, among others. The article below was featured in Urban Matters, a publication of the Center for New York City Affairs. 

Hudson Yards: $1B in Commercial Subsidies

New York City's Hudson Yards project includes heavily discounted property taxes for Hudson Yards developers.

Resource Library

The Cost of NYC's Hudson Yards Redevelopment Project

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.