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True Cost of Hudson Yards

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The West Side megaproject known as Hudson Yards sounds impressive on paper. Well, most papers, but apparently not on the balance sheet, where construction delays have the city paying $500M in debt service by 2015 on some $3B in Hudson Yards bonds. Total cost of the project is also inching up, but City Hall claims things are on track and under budget. [NYDN]

Hudson Yards

, Manhattan, NY 10001