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MegadealsSubsidy Tracker Individual Entry
Company: The Moinian Group
Parent Company:
Subsidy Source: local
Location: New York
City: New York
County: New York
Project Description: Office building at Hudson Yards
Year: 2006
Subsidy Value: $64,800,000
Program Name: Tax abatement
Awarding Agency: New York Industrial Development Agency
Type of Subsidy:
MEGADEAL (Archived)
Source of Data: Bridget Fisher and Flavia Leite, June 2022, "Selling TIF: Positioning Hudson Yards as a project that pays for itself," Cities vol. 125,
(click here).
Notes: The Moinian Group is building a new office building for the first phase of the Hudson Yards redevelopment project in New York City. Moinian received a 25-year discount on its payments-in-lieu-of-taxes worth an estimated $64.8 million according to the IDA's own cost-benefit analysis. This total does not include sales tax exemptions on construction materials the company may have received as part of its PILOT agreement with the IDA. For more information on the Hudson Yards project, see the 2006 New York MEGADEAL entry for Related Companies. Overlap with main data: None.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.