The Related Companies is seeking a $1 billion, low-interest loan for the next phase of Hudson Yards from the same pool of money that the Gateway project has struggled to tap into. Related filed a draft worksheet with the U.S. Department of Transportation outlining its proposal to use the funds to build a platform over the West Side rail yards, Politco reported. The low-cost loan would save millions compared to traditional financing for Related, which […]
source https://therealdeal.com/2018/06/18/related-turns-to-uncle-sam-for-1b-hudson-yards-loan/
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