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Construction Update, hudson yards, Major Developments, Midtown West, Policy, Urban Design

NYC planned communities, Hudson Yards, Hudson Yards Master Plan, Kohn Pederson Fox

Hudson Yards rendering

Just yesterday, the city hailed the completion of the platform built over the west side rail yards that will support the Brookfield West development, a major component of Hudson Yards, the 26-acre development rising on the far west side. And while Brookfield will boast a two-acre park plaza, two 60-plus-story high rises and other public commercial space, it’s important to note that $7 million was spent just on designing and producing a special machine called “The Launcher” to lift the 56,000-ton concrete slabs to build the platform.

This is just one of many substantial costs in the mammoth Hudson Yards project, for which the city will have paid nearly $650 million in subsides by the end of this fiscal year, money that, over the past ten years, has come straight from the pockets of taxpayers. And that’s not all; according to a review by the city’s Independent Budget Office, even more will be needed through 2019 to complete the “next great commercial district.”

More on the subsidies and Hudson Yards