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Bloomberg

NYC Mulls Property-Tax Break for $2.7 Billion Hudson Yards Tower

Thursday, September 10, 2026


New York City is considering a $100 million property tax break for a Hudson Yards skyscraper proposed by developer Tishman Speyer. Mayor Zohran Mamdani's administration would need to approve the subsidy. The building is valued at $2.7 billion.

Original reporting: https://www.bloomberg.com/news/articles/2026-09-10/nyc-mulls-property-tax-break-for-2-7-billion-hudson-yards-tower

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