Posted Apr 4, 2025, 2:17 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,199
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Quote:
Originally Posted by Garynewman
which candidate is most pro development? Why do these people always want proposals striked down?
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Lander in particular has always been a critic of the Hudson Yards, and he's had to eat some of his words. But he's late to the "harm the High Line" party, and is just skimming for votes.
https://therealdeal.com/new-york/202...-got-it-wrong/
Lander candid on Hudson Yards: “I got it wrong”
Comptroller admits development producing more tax revenue than expected
Jun 20, 2023
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City Comptroller Brad Lander openly admitted the Bloomberg administration was right about Hudson Yards’ public financing scheme.
It’s not just working, but working better than anticipated — even after the development was slammed by Covid.
“One really interesting thing we looked at this month, in the Class A, in the trophy parts of the market, things are actually really rebounding well,” he said on NY1. “Hudson Yards is giving about $200 million more a year than we expected, and that’s going to grow to $300 million.”
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https://nypost.com/2023/06/19/fierce...-got-it-wrong/
Fierce Hudson Yards critic admits financial boon to city: ‘I got it wrong’
By Steve Cuozzo
June 19, 2023
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The staunchest elected critic of Related Companies’ Hudson Yards finally admitted that the complex makes money for the city.
Comptroller Brad Lander long griped that the city was getting stiffed by the deal that let Related make payments-in-lieu of taxes, which he said wouldn’t cover the debt and shortchange the city.
In a jaw-dropping admission on Errol Louis’s NY1 show last week, Lander said: “Hudson Yards is giving about $200 million more a year than we expected, and that’s going to grow to $300 million.”
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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