The New York City Industrial Development Agency’s (NYCIDA) Uniform Tax Exemption Policy (UTEP) includes financial incentives, e.g., real estate tax discounts, specific to commercial development projects in the Hudson Yards area.
Under this incentive program, NYCIDA can grant benefits to certain commercial construction projects in the Hudson Yards area of Manhattan. To learn more about this program, download the complete NYCIDA Uniform Tax Exemption Policy (in pdf) (see Appendix F for the Hudson Yards incentives), the project application (in pdf) or contact NYCIDA.
Get General information about the NYCIDA.
For more information about Hudson Yards financial incentives, contact Peter Wertheim, HYDC’s Vice President for Development, at 212-971-5606.