Research At SCEPA
Value Creation, Capture, & Destruction
ARTICLE | Value capture schemes sound simple in theory – future revenues pay debt issued to cover upfront costs. But in practice, these financing mechanisms are highly complex and, as a result, can have unintended consequences on municipal finances.
Hudson Yards' Commercial Subsidies: $1.1B
WORKING PAPER | New York City's Hudson Yards project includes heavily discounted property taxes for Hudson Yards developers.
Economists Weigh In On Covid-19 And Inequality
PRESENTATION | In a presentation to the Pajara Valley Saves Lives Coalition, SCEPA Director Teresa Ghilarducci describes how Covid-19 is accelerating gaps in race, income and gender inequality and has created new ones in employment, education, and life expectancy.
How Risk Undermines TIF's Self-Financing Premise
WORKING PAPER | TIF’s self-financing rhetoric can be used to shift risk onto taxpayers.
The Myth of Self-Financing
WORKING PAPER | The framing of the redevelopment of Manhattan's Hudson Yards as a self-financed project hides the public trade-offs.