New York City: Largest Ice Sport Center Approved in the Bronx.
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On December 10, 2013, the City Council voted 48-1 to turn the Kingsbridge Armory, currently a vacant landmark, into an ice sports center. The $275 million development project by KNIC Partners, LLC will feature nine ice rinks and approximately 64,300 sq. ft. of related program space, including a wellness and off-ice training center, curling rinks, and locker and equipment storage. The … <Read More>
Parking Lots associated with Greater Jamaica Development corporation challenged Finance’s withdrawal of tax exemption. Greater Jamaica Development Corporation and Jamaica First Parking, LLC, brought an article 78 petition against the Department of Finance and the New York City Tax Commission, challenging the City’s revocation of a charitable tax exemption for the public parking facilities they owned and operated. On appeal to the Appellate Division, Second Department, the court restored the tax exemption.
Council gives go ahead for world’s largest Ferris wheel and outlet complex. On October 30, 2013, City Council unanimously voted 45-0 to approve the construction of the largest Ferris Wheel in the western hemisphere, which along with other developments, is intended to transform Staten Island’s St. George Waterfront. The New York Wheel (the Wheel), designed and manufactured by Starneth, will be built just north of the Richmond County Bank Ballpark, and will provide … <Read More>
Council Member Julissa Ferreras praised for her successful efforts in the negotiations for a balanced transformation of the Valley of the Ashes. On October 9, 2013, the Land Use Subcommittee on Zoning and Franchises voted unanimously to approve the Willets Point Development Project application. The application was a modification of the original 2008 Willets Point application. (See CityLand’s past coverage here). Before the Subcommittee vote, Council Member Julissa Ferreras gave a statement highlighting … <Read More>
Council Members voiced concern over the City’s applications to facilitate Phase 1 of the Willets’ Point Development Project. The City Council’s Land Use Zoning and Franchises subcommittee held a public hearing on September 3, 2013 on Phase 1A of the $3 billion Willets Point Development Project. The applicants, New York City Economic Development Corporation (EDC) and Queens Development Group, a joint venture of Related Companies and Sterling Equities, testified. The application is a … <Read More>
23-acre proposal will include environmental cleanup, expressway ramps, affordable housing, and retail and entertainment complex. The City Planning Commission held a public hearing on land use actions to facilitate Phase 1 of the Willets Point Development Project on July 10, 2013. The application was submitted by the New York City Economic Development Corporation and the Queens Development Group, LLC, a joint venture of Sterling Equities and Related Companies. Phase 1, to be split into … <Read More>