EDC Submits Willets Point Redevelopment Plan

City seeks to create a Special Willets Point District; local businesses file lawsuit. On April 21, 2008, the New York City Economic Development Corporation and the New York City Department of Housing Preservation and Development began public consideration for their proposal to rezone a 61-acre area in Willets Point.

The area, roughly bounded by the Van Wyck Expressway, Roosevelt Avenue, 126th Street, and Northern Boulevard, is known as the “Iron Triangle” for its predominantly industrial … <Read More>


Landmarks considers 1911 printing plant

Owners of former engraving plant welcome landmark designation. Landmarks heard testimony on the possible designation of the American Bank Note Company Printing Plant on January 15, 2008. The architects of the plant, Kirby Petit & Green, also designed the American Bank Note Company’s Manhattan offices on Broad Street, which the City designated as a landmark in 1997.

The plant’s design emphasizes security as well as aesthetics, with only one entrance along the over 1,500 feet … <Read More>


Council considers tax exemption for green roofs

Resolution would call on Albany to create green roof tax incentive. The City Council’s Finance Committee heard public testimony on November 29, 2007 on a resolution that would request the State Legislature to amend the New York State Real Property Tax Law and establish a tax exemption incentive for property-owners to equip their buildings with green roofs.

The resolution, sponsored by Council Member Oliver G. Koppell, seeks to encourage the use of green roofs in … <Read More>


Council seeks to halt spread of illegal hotels

The Bronx County Courthouse’s green roof, funded by the Bronx Initiative for Energy and the Environment. Photo: The Bronx Overall Economic Development Corporation.

Proposal would increase fines for illegal conversions of residences into hotels. On December 3, 2007, the City Council’s Committee on Housing and Buildings held a public hearing on a proposal to increase fines on building owners who illegally convert residential units, especially rent-regulated ones, into hotel units.

Council Member Gail Brewer sponsored … <Read More>


Council passes new design standards for parking lots

New standards in tune with Mayor’s PlaNYC 2030. The City Council unanimously approved City Planning’s proposal to establish rules regulating the design of open public parking lots, as well as those for commercial and community use facilities. The new standards will apply to new lots and certain existing lots if enlarged.

Prior to the Council’s vote, parking lots were not subject to any Citywide zoning requirements that ensured vehicle maneuverability or environmentally friendly design. According … <Read More>


IDA approves $225 M for new Yankee Stadium parking

IDA also approves tax -exempt bonds for 2 health care entities and 1 private school. On October 9, 2007, the New York City Industrial Development Agency voted to provide financial assistance to four entities.

IDA awarded the Bronx Parking Development Company $225 million in tax-exempt bonds to finance the design, construction, and renovation of three new parking garages, two existing garages and six surface lots that would serve the new Yankee Stadium. According to IDA, … <Read More>