Court found that application was not filed within the statutory time period of one year. On January 27, 2016, the New York State Supreme Court denied a Brooklyn developer’s petition to reverse a Department of Finance decision to not grant a tax abatement. The Developer, 96 Wythe Acquisitions, filed the petition after the Department of Finance denied the application for the tax abatement because it was not filed within the mandatory one-year requirement. 96 Wythe … <Read More>
Search Results for: Acquisitions
City Planning Commission Celebrates its 75th Anniversary
The country’s very first zoning resolution was adopted in New York City in 1916. Called the “Building Zone Plan,” the new regulations dictated building use and physical characteristics, such as set-backs, to organize development of a burgeoning City. In 1961, the zoning resolution was overhauled to what is today the primary land use document of the City. The new plan addressed the realities of population growth and encouraged public amenities, such as public plazas as … <Read More>
EDC President Seth Pinsky Discusses Mayor Bloomberg’s Economic Agenda
When Robert C. Lieber left the New York City Economic Development Corporation to replace Deputy Mayor Daniel L. Doctoroff, Mayor Michael R. Bloomberg appointed Seth Pinsky to lead EDC through the end of the administration. As EDC President, Pinsky must now shepherd through such legacy projects as World Trade Center, Hudson Yards, Yankee Stadium, and Willets Point. Less than a month after his promotion, and with less than 700 days remaining in the Bloomberg Administration, … <Read More>
Council Member Melinda Katz Shares Her Insights on Land Use Issues
Council Member Melinda Katz is Chair of the Land Use Committee, a position she has held since 2002, when she was first elected to the City Council. The City’s land use review process requires that almost all major land use initiatives, with few exceptions, pass her desk for review. During her tenure as Chair, Katz “worked as a team” with the Bloomberg administration on the City-initiated rezonings, the largest rezoning initiative since 1961, covering roughly … <Read More>