Tax-exempt aid for new Yankee Stadium raises questions
July 2, 2008
More than two years ago, New York City and its Major League Baseball teams seized upon an innovative way to use tax-exempt bonds to help fund construction of the New York Yankees‘ new stadium in the Bronx and the Mets‘ Citi Field in Queens.
For the Yankees and the New York Mets, the public financing, [...]
Drivers’ Strike Stalls New York City Construction
July 2, 2008
Most of New York City’s largest construction projects ground to a halt or near-halt on Tuesday because of an unanticipated strike by more than 400 cement-truck drivers.
With the bulky, noisy ready-mix concrete trucks largely disappearing from the city’s streets, the walkout affected scores of projects, including the Freedom Tower; the Second Avestrike, cement workers, nue [...]
Paterson Finds State of Ground Zero Rebuilding “Unacceptable”
July 1, 2008
Governor David Paterson, says the lack of progress at the site of the former World Trade Center Towers is “unacceptable” and that he intends to fix the problem.
In a little over two months, it will be seven years since September 11th , 2001, and no new buildings have been constructed to take the place of [...]
Community Votes in Favor of Willets Point Development
July 1, 2008
A plan to turn the gritty Willets Point neighborhood near Shea Stadium into a development that includes housing, a hotel, retail space and a convention center got a thumbs-up from a local group last night.
Community Board 7 approved the plan 20 to 15 early today. About 70 people spoke at the meeting - with land, [...]
Deutsche Bank demolition will cost more, take longer than expected
June 27, 2008
Taxpayers will have to cough up an extra $37.5 million to demolish the deadly Deutsche Bank building near Ground Zero.
The Lower Manhattan Development Corp. board Thursday approved spending the additional money, boosting the state agency’s cost to acquire and demolish the toxic tower at 130 Liberty St. to $274 million.
LMDC Chairman Avi Schick declined to [...]
High Line Park To Transform West Side’s Railway By Year’s End
June 26, 2008
A 1.5-mile elevated railway on Manhattan’s West Side that was in danger of being demolished is now being transformed into a 22-block-long park.
Phase one of the project, stretching from Gansevoort Street to West 20th Street, is under construction and expected to be open to the public by the end of the year.
“I’m constantly having to [...]
Domino Sugar Redevelopment Moves Forward
June 25, 2008
The redevelopment of the Domino sugar refinery into 2,200 apartments is set to move forward following an approval yesterday by the city’s Landmarks Preservation Commission.
The commission’s approval ends a months-long clash with the developer, Community Preservation Corporation Resources.
Read the rest of this article at the NY Sun
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Parks Commissioner Adrian Benepe confirms plans to level Yankee Stadium
June 24, 2008
The House That Ruth Built will become the House that Bloomberg Demolished after the Yankees leave their city-owned stadium at the end of the season.
Parks Commissioner Adrian Benepe confirmed the city’s plans to level the entire stadium to make way for three community ballfields.
“Preserving the facade would make it difficult to maximize the park space,” [...]
Court Offers Homeowners Help Avoiding Foreclosure
June 19, 2008
Homeowners in New York who face foreclosures would be offered help by the courts to save their homes or at least make the overall process easier under a new program announced on Wednesday by the state’s chief judge.
The program calls for the creation of a new section of the court charged with helping borrowers and [...]
City ponders Port Authority role at Moynihan
June 12, 2008
The Bloomberg administration appears to be softening its opposition to a Port Authority takeover of the moribund Moynihan Station project, but remains opposed to funding a second station on the planned expansion of the No. 7 subway line to the far West Side.
Deputy Mayor Robert Lieber told 400 executives at a monthly Crain’s Breakfast Forum [...]
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Vito Fossella will not seek re-election
A Former SI GOP Lawmaker Wants to Replace Fosella Seat
An ex-Staten Island GOP lawmaker is seeking to replace scandal-scarred Vito Fossella as his district’s next congressman. Former... Read more »
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Paterson Signals He’d Fight a Bloomberg Challenge
If Mayor Bloomberg decides to run for governor in 2010, Governor Paterson would confront him head-on despite what would seem to... Read more »
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