Displaying items by tag: economic development - The New School SCEPA

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

hudson yards adobe

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.

The framing of the redevelopment of Manhattan's Hudson Yards as a self-financed project hides the public trade-offs.

About SCEPA

SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.