Council authorized budget increases for BIDs in the Bronx, Manhattan, and Queens. On January 18, 2011, the City Council adopted a local law authorizing increases in the annual budgets of six business improvement districts in the City. The boards of directors of the Grand Central Partnership, the 24th Street Partnership and the 125th Street Partnership in Manhattan, the Fordham Road BID, and the Mosholu-Jerome-East Gun Hill Road BID in the Bronx, and the Bayside … <Read More>
Search Results for: Property Taxes
Berry Street commercial overlay proposal modified
North Williamsburg restaurant requested rezoning in order to reestablish sidewalk cafe. On July 28, 2011, the City Council’s Land Use Committee modified and approved Teddy’s Bar and Grill’s rezoning proposal for a portion of Berry Street in Williamsburg, Brooklyn. Teddy’s is located at the corner of Berry and North 8th Street. Teddy’s originally proposed applying a C2-4 overlay from the northwest corner of North 7th Street to a mid-block point between North 9th and … <Read More>
Proposed Chinatown BID nears approval
- Image: courtesy of Chinatown Partnership LDC.
Group of Chinatown property owners cited concerns about the BID’s assessment formula. On May 26, 2011, the City Council’s Finance Committee held a hearing on the Department of Small Business Services’ plan to create the Chinatown Business Improvement District encompassing more than 6,000 commercial businesses in Manhattan’s Chinatown. The BID would comprise 50 blocks generally bounded by Broome Street to the north, Worth and Madison Streets to the … <Read More>
New Atlantic Avenue BID awaits Council approval
- Domenic M. Recchia Jr.
Council Member Recchia warned BID about working with the Downtown Brooklyn Partnership. On April 28, 2011, the City Council’s Finance Committee held a hearing on the Department of Small Business Services’ plan to create the Atlantic Avenue Business Improvement District for more than 400 commercial businesses in Brooklyn’s Cobble Hill and Boerum Hill neighborhoods. The BID would extend along Atlantic Avenue between Fourth Avenue to the east, the Brooklyn-Queens Expressway … <Read More>
Two new Bronx grocery stores win tax exemptions
IDA approved $8.6 million in real estate and tax benefits for the first two supermarkets under the recently-created FRESH program. On February 9, 2010, the New York City Industrial Development Agency, a component of the City’s Economic Development Corporation, approved tax incentive packages to assist in the development of two new Bronx supermarkets. The financial incentives are the first awarded under the City’s Fresh Retail Expansion to Support Health (FRESH) program approved by … <Read More>
Council negotiates modifications to 125th Street rezoning
Council Members Dickens and Jackson defend plan despite vocal opposition from local residents. On April 30, 2008, the City Council modified the Department of City Planning’s plan to rezone the 125th Street corridor, a 24-block area in the Harlem section of Manhattan.
The plan will rezone large portions of the east and west ends of the corridor to encourage arts, entertainment, and retail uses. The plan will also impose height limits, street wall continuity requirements, … <Read More>