A study commissioned by the developer indicated that total economic output of the companies projected to occupy Hudson Yards will contribute $18.9 billion to the city's gross domestic product. [...]
Many projections in the report are also contingent on a host of economic indicators in the city, including demand for Class A office space. Out of the 10.4 million square feet Related will have to lease up, so far it has locked in commitments from tenants for 4 million square feet.
— crainsnewyork.com
The Hudson Yards project previously in the Archinect news:
3 Comments
Unless the bubble bursts
this is deposited money, no bubble, just solid cash.
is that before or after the city's subsidies and tax breaks?
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