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EconomyNYC Considers $100 Million Property-Tax Break for $2.7 Billion Hudson Yards Tower

A $100 million property-tax concession is under consideration in New York for a Hudson Yards skyscraper proposed by developer Tishman Speyer. If approved, it would be the largest economic subsidy since Zohran Mamdani took office as mayor.

New York CityHudson Yardsproperty taxeconomic subsidy

BBloomberg News★★☆☆☆2026-09-10 23:00Original

NYC Considers $100 Million Property-Tax Break for $2.7 Billion Hudson Yards Tower
NYC Considers $100 Million Property-Tax Break for $2.7 Billion Hudson Yards TowerEconomy