West Side Financing’s Complex $1.3 Billion Story
Independent Budget Office for New York City, August
The Bloomberg administration's Hudson Yards project proposes a major redevelopment of Manhattan’s far West Side. The plan includes a city investment of roughly $3 billion (in 2003 dollars) to upgrade the district and facilitate the construction of thousands of new apartments and millions of square feet of new office and other commercial space. Among the proposed improvements are the extension of the #7 subway line, the construction of a platform over the Eastern Rail Yards, and the creation of a new boulevard and new parkland.