Far West Side Development Issues

October 10, 2006.  Financing of the Hudson Yards Project and the Rail Yards Agreement with the Metropolitan Transportation Authority. Testimony of FPI Deputy Director and Chief Economist James Parrott before the NYC Council Committees on Finance and Transportation. (PDF)

June 16, 2005.  The Problem with the Hudson Yards Property Tax Breaks. By FPI Deputy Director and Chief Economist James Parrott. (PDF) Also see the veto message issued by Mayor Bloomberg explaining his veto (June 9, 2005) of City Council legislation requiring greater accountability in the expenditure of PILOT revenues.

March 22, 2005.  Expenditure of Payments in Lieu of Taxes (PILOTs) in New York City. Testimony by FPI Deputy Director and Chief Economist James Parrott at a hearing of the City Council.

January 19, 2005.  West Side Pyramid Scheme. An op ed in the New York Daily News by James Parrott, FPI Chief Economist, on the financing of far West Side development. (MSWORD)

January 18, 2005.  Testimony submitted to the Empire State Development Corporation on the Proposed Financing for the New York Sports and Convention Center. (MSWORD)

December 15, 2004.  Testimony before the NYC Council Committee on Finance regarding the Proposed Financing for the Hudson Yards Project East of 11^th Avenue. (MSWORD)

June 3, 2004.  How Will the Proposed West Side Stadium Complex Impact Our City? Testimony before the NYC Council Economic Development Committee. (MSWORD)