Quote:
Originally Posted by NYguy
The critics qestioning the finances can go jump into the Hudson as far as I'm concerened. Those idiots don't understand how to get things done. This entire area would still be a vast wasteland of parking lots and empty railyards had things been done whatever way they supposedly think it should have. This project proves that, contrary to what had become popular belief, New York still can and will get big development projects built. And the success of this development (even in these still early stages) has already inspired others as a model of how to do it...
https://therealdeal.com/2019/03/14/a...o-megaproject/
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The crux of his financial critique is that billions of dollars in subsidies were intended to benefit everyone, which the project supposedly will pay back by increasing New York City’s GDP. He writes that “so far the project is shifting economic development from other neighborhoods to Hudson yards without creating new net growth.”
One obvious objection is that it’s a bit early to make this objection. Even he writes “we’ll see” about the projected rise in GDP. After all, the thing just opened!
I do particularly like the view of 30 from Chelsea. It’s so much more interesting than those super-tall skinnies springing up, which I personally loathe. On the Lower East Side there is a clear view up one of the avenues of distant Chrysler, dominating, as it should, that sector of the skyline. Now that beautiful view has been blighted by a super-tall skinny dwarfing Chrysler.