NY S03545

Requires the chair of the Empire State Development Corporation to prepare a comprehensive report within 45 days of the law's effective date on large capital projects in New York City financed with public funds or tax incentives.

Report must cover three categories of projects: West Side redevelopment (Javits, Moynihan Station, Hudson Yards, etc.), Lower Manhattan redevelopment (World Trade Center area), and all other citywide projects (Atlantic Yards, Willetts Point, Sunnyside Yards, etc.).

Report must detail planning, financing, permitting, contracting, construction, and occupancy status for each project, including organizational, legal, financial, economic and construction prospects, and impact on the Metropolitan Transportation Authority's capital needs.

Report must include analysis of project financing sources, incentives, subsidies, and revenues from government and public benefit corporations, as well as economic impact comparisons between expected benefits and anticipated costs.

Directs all relevant government agencies and officials including the Port Authority, Lower Manhattan Development Corporation, MTA, NYC Mayor's office, and City Council to consult with and assist the corporation chair in preparing the report.