Bar Association Questions Incentives (The New York Times)

“A 2007 report by the New York City Bar Association said the Hudson Yards financing scheme “bears an eerie resemblance to the development of Battery Park City,” which nearly defaulted and helped plunge the city into a fiscal crisis in the 1970s. And, it asked, if development of the West Side is inevitable, ‘why should costly artificial economic incentives be offered to encourage that development?’”

The New York Times
October 28, 2009