In this report, the Metropolitan Council on Housing reviews what the luxury real-estate developers spent and what they received in return. We focus particularly on One57 because more data are available for that development. New construction in midtown Manhattan is ineligible for the 421-a tax subsidy unless the development includes on-site affordable units, which One57 and the other towers lacked. But the five developers wanted the tax breaks anyway. With their campaign contributions, developers of the five luxury towers had a goal: Get the legislature to let them take advantage of the 421-a program anyway, which would offer a substantial city tax break. Specifically, the legislature had to allow the five developments -- located at 99 Church Street, 520 Fifth Avenue, 157 West 57 Street, 109 Nassau Street and 78-86 Trinity Place -- to get the 421-a tax breaks even though the buildings would not normally be entitled to them. The reason Albany lawmakers agreed to spend millions subsidizing luxury housing for the wealthy is clear: developers who contributed to their campaigns called in chits and expected to be rewarded.