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The High Price of Empty Office Space: Billions in Tax Breaks, With More to Come from THE CITY - All RSS feed.

The High Price of Empty Office Space: Billions in Tax Breaks, With More to Come

Pedestrians walked by the glass-paneled entrance to 3 Times Square.

Back when the opulent Hudson Yards district on Manhattan’s West Side was still a rail yard, Mayor Michael Bloomberg’s budget director was asked why he thought tax breaks were necessary to start up the project. Mark Page, keynote speaker at The Bond Buyer’s 4th Annual Conference on Metro Finance in 2006, had a simple answer […]

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