Eminent domain supported if negotiations with local businesses fail. On September 24, 2008, the City Planning Commission approved a modified version of the Willets Point Redevelopment Plan, and sent the contentious plan to the City Council. EDC’s plan calls for the creation of the Special Willets Point District, an Urban Renewal Area designation, and a rezoning for the 61-acre area known as the “Iron Triangle” in Queens. 5 CityLand 57 (May 15, 2008).
The … <Read More>
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>
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>
Concerns over eminent domain dominate hearing. On November 29, 2007, the City Council’s committees on Land Use and Economic Development held their second oversight hearing on New York City Economic Development Corporation’s proposal to redevelop 61 acres of Willets Point in Queens. The site, located directly east of Shea Stadium, largely consists of a range of auto-related, light industrial and manufacturing private businesses. EDC seeks to acquire the entire area and create an urban renewal … <Read More>
Concerns over displacement of businesses dominated hearing. On June 13, 2007, the City Council’s Land Use Committee and its Economic Development Committee held a joint oversight hearing on the proposal by New York City’s Economic Development Corporation to redevelop 61 acres of Willets Point in Queens. The site, located directly east of Shea Stadium, is mostly privately owned and currently home to a mix of automobile related, light industrial and manufacturing businesses. EDC estimates that … <Read More>