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NYC Mulls Property-Tax Break for $2.7 Billion Hudson Yards Tower
Source: Bloomberg
Housing & Real EstateFiscal Policy & BudgetTax & TariffsElections & Domestic Politics
New York is considering a $100 million property-tax break for Tishman Speyer's proposed Hudson Yards skyscraper. The incentive would be the largest economic subsidy approved or considered since Mayor Zohran Mamdani took office, with potential implications for commercial real-estate development and the city's tax base.
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