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Mamdani cools on $2B Hudson Yards platform financing
April 24, 2026
Posted 3 hours ago by
Mayor Zohran Mamdani’s administration is distancing itself from a deal struck by Eric Adams that would have New York City bankroll a roughly 2 billion platform over Manhattan’s West Side rail yard. The mayor is “not actively engaged in negotiations to move this project forward at this time,” spokesperson Matt Rauschenbach told The New York Times, adding that the mayor is prioritizing broader housing and labor initiatives.
Adams made the agreement last year with Related Companies, which envisioned mostly luxury housing on top of the deck. The agreement called for the city to issue debt for the development and for []This article originally appeared on The Real Deal. Click here to read the full story.
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