Wherever you wander along midtown Manhattan’s far West Side, you’ll come across the dusty din of jackhammers, cranes and construction crews lifting new hotels, condos, and office buildings into the sky.
Welcome to Hudson Yards, the 26 acres around the MTA’s West Side railyards that New York’s real estate moguls keep touting as this city’s next great commercial district.
But the slick pitchmen for Hudson Yards rarely mention the scandalous subsidies taxpayers have shelled out the past 10 years for this megaproject.
The city will have paid nearly $650 million in subsidies into Hudson Yards by the end of this fiscal year, according to a review by the city’s Independent Budget Office — and more will be needed in the future.
That’s not exactly how the project was sold when the City Council approved it in January 2005.
It never is. It's always lies.