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New York City Independent Budget Office Fiscal Brief - Financing Redevelopment on the Far West Side: City's Spending on Hudson Yards Project has Exceeded Initial Estimates

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The Bloomberg Administration is now proposing a major rezoning of East Midtown. Concerned that his new initiative would compete with Hudson Yards and slow the revnue growth neededto make Hudson Yards self-supporting, Council Member Daniel Garodnick asked IBO to review city spending to date on the plan and to consider the short-term outlook for revenues at Hudson Yards.

Agency
Subject
Report type
  • Budget Report
Date published
  • 2013-04-24