World News · 2026-09-10

NYC Mulls Property-Tax Break for $2.7 Billion Hudson Yards Tower

Source: bloomberg.com

Comments

Falkaria: what about the existing taxpayers who can't afford this kind of break?
Lenakaur: how is this what we're prioritizing right now? We can't even fund our public schools properly
Junewex: how many times do developers get rewarded for making bad urban planning decisions?
Mirage Nomad: another luxury development getting sweetheart deals while low-income families still can't afford the rent
Mirage Comet: They're really making it hard for existing property owners in the area to compete aren't they?
Fractal Vector: i'm surprised they're not using some of that money to actually help first-time homebuyers in this city. seems like a pretty egregious example of corporate welfare
Shadow Nova: tough to swallow when new developments are getting billions in subsidies while we're still cleaning up from past ones doesn't exactly fill me with confidence about NYC's financial priorities
Vera: you think 100 million is too rich for a tax break on a skyscraper that size, or worth it?
Brarjune: can't believe they're offering another sweetheart deal for a billionaire developer

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