Search Results for: Public Notice

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>

IDA approves $46M in tax and other benefits

Proposed office tower for 125th St. Image: Swanke Hayden Connell Architects.

Major League Baseball project in Harlem is among the beneficiaries. On March 6, 2008, the New York City Industrial Development Agency held a public hearing on proposed public subsidies to private entities, including a joint venture between Vornado Realty Trust and California Urban Investment Partners. The joint venture was established to build a 21-story office tower on 125th Street and Park Avenue, directly southwest … <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>

IDA’s June Calendar

$85 million in bond offerings on the calendar for IDA’s June public hearing. The New York City Industrial Development Agency, a component of the Economic Development Corporation, held its monthly public hearing on June 7, 2007. Eighteen projects were on the notice of public hearing, including bond offerings totaling $85 million and seven straight-leases.

Among the 18 projects on the calendar was a straight-lease to News America Publishing Inc., a wholly owned subsidiary of Rupert … <Read More>

Modifications to High Line, West Chelsea district approved

Boundaries, frontage, easement access and lot coverage modified for High Line and Special West Chelsea district. In June 2005, the City Council approved several applications related to West Chelsea including the establishment of a Special West Chelsea District to support development of the High Line elevated public space, art galleries, marketrate housing, and affordable housing. 2 CityLand 83 (July 15, 2005). Public review of the proposed text amendments identified the need for additional modifications.

On … <Read More>

Modifications to Greenpoint- Williamsburg Rezoning OK’ed

Changes included the addition of anti-harassment law and strengthening of height limits. In May 2005, after last-minute modifications, the City Council approved six land use actions related to a comprehensive redevelopment plan of a two-mile waterfront area along the East River and adjacent upland neighborhoods in Greenpoint and Williamsburg, Brooklyn. 2 CityLand 36 (Apr. 15, 2005), 2 CityLand 51 (May 15, 2005), 2 CityLand 67 (June 15, 2005). Public review of the proposed amendments identified … <Read More>