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At first, they asked for the taxpayers to foot half the bill during a recession and the city/state almost broke. They got laughed at. Now they are going to cover the whole thing on their own in exchange for the city relaxing landmark restrictions on the park. (effectively letting them out of their deal with the rooftop owners as well)
Because its all their own cash, who knows if they are inflating that number to look better - but part of the plan is to build an entire hotel and complex around the park, so I could see how that number could be true.
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