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>
Bruce Schaller, DOT’s Deputy Commissioner for Planning and Sustainability, stands on the front-lines in the battle over the City’s congestion pricing plan. Hand-picked by Mayor Bloomberg a month after the City announced its intention to charge vehicles entering or leaving Manhattan below 86th Street, Mr. Schaller must present and implement a plan that satisfies City, state, and federal officials.
As a transportation consultant, he analyzed the impact of East River bridge tolls for the Straphanger … <Read More>
Largest rezoning undertaken by City sent back to Commission for final approval. The City Council approved, with several significant modifications, the Planning Commission’s proposal to rezone 378 blocks in Jamaica, Queens. The Council’s modifications must now go to the Planning … <Read More>
2M-square-foot complex with apartments, office, commercial and production studio space sent to Council. Silvercup Studios, through Terra Cotta LLC, obtained Planning Commission approval for several rezoning and special permit applications to enable the development of Silvercup West, a 2.07-millionsquare- foot complex that would occupy six acres along the East River waterfront in … <Read More>
Queens developer claimed out-of- date layout made apartments unfit. A Queens developer proposed to demolish two adjacent two-family buildings in Long Island City, replacing them with a five-story, 20- unit building that required waivers from BSA for floor area, yard, height, setback and open space.
The proposal was strongly opposed by the community, Borough President Helen Marshall, Community Board 1 and Council Members Peter F. Vallone, Jr. and Tony Avella. Faced with community opposition, the … <Read More>
Mall to expand at Rego Park site once considered by Wal-Mart. On September 15, 2005, the City Council approved a text amendment, special permit and modification of a restrictive declaration to allow the expansion of the Rego Park Mall in Rego Park, Queens. Alexander’s Inc., the applicant, and Vornado Realty Trust, the developer, proposed a 1.8 million-square-foot project consisting of a 600,000-square-foot four-story mall with 1,416 parking spaces at the base and two residential towers … <Read More>