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As Hudson Yards Refinances Old Debt: Need for Nearly $100 Million in Additional Funding Emerges as Costs Continue to Exceed Plan

Date Published:

2017-06-15

Description:

REPORT: IBO provides an update on costs related to the development of Hudson Yards. Our report also examines the recent refinancing of much of the city-subsidized debt for the extension of the No. 7 line along with some other work to foster commercial and residential construction on the Far West Side.

Agency:

Independent Budget Office, NYC (IBO)

Subject(s):

Finance and Budget

Report Type:

report
As Hudson Yards Refinances Old Debt: Need for Nearly $100 Million in Additional Funding Emerges as Costs Continue to Exceed Plan

Date Published:

2017-06-15

Description:

REPORT: IBO provides an update on costs related to the development of Hudson Yards. Our report also examines the recent refinancing of much of the city-subsidized debt for the extension of the No. 7 line along with some other work to foster commercial and residential construction on the Far West Side.

Agency:

Independent Budget Office, NYC (IBO)

Subject(s):

Finance and Budget

Report Type:

report