Watchdog Questions Hudson Yards Funding

Whalen, Robert
August 2006
Bond Buyer;8/2/2006, Vol. 358 Issue 32436, p1
Trade Publication
The article reports that New York City's Industrial Development Agency will conduct a public hearing on proposed amendments that would allow the city, via its Hudson Yards Development Corp., to provide developers with a series of tax breaks intended to boost interest in the 60-acre area along Hudson River. The project is to be funded with revenue debt issued through Hudson, which will be funded with payments in place of taxes made to the city by developers.


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