Although the EDC announced yesterday that City Point was the only Brooklyn development on track to receive federal stimulus funds in the form of tax-exempt bonds, several other big projects in the borough were vying for money from the program, which is called “Recover NYC.” The program only serves non-residential developments, according to an EDC spokesman, and it involves a public review period. (In other words, the City Point funding isn’t a sure thing since it’s subject to a public hearing in September.) To qualify for the money a project has to be “shovel-ready” but, presumably, hurting on the financing front. While it’s still possible that other developers who applied for the bonds will get them—there will be a second tranche in the fall and there’s still around $90 million in funding to award—these are the would-be Brooklyn projects that didn’t make the cut this time around:

EAST NEW YORK: “Phase II: Construction of 615,000 sq. ft. destination retail center.” This is part of the Gateway Center Mall.
DOWNTOWN BROOKLYN: “Construction of 117-room midscale select service hotel.” This is at 125 Flatbush Avenue Extension, next to the Oro. The developers paid $10.8 million for the property in early ’08.
CONEY ISLAND: “Construction of an automated garage for 102 cars, a school for 569 students and staff and 126 residential units.” The school of the future is planned for 271 Sea Breeze Avenue.
WILLIAMSBURG: “Construction of a 17,000 sq. ft. mixed use building with ground floor retail and second floor office.” Planned for 207 Grand Street.
GOWANUS: “Construction of a 78,521 sq. ft. professional building with 114 parking spaces.” This one’s been in the works for a long time at 399 3rd Avenue; Karl Fischer is supposed to be the architect.

The full list of applicants is right here.
City Point Gets Financing Boost from The Feds [Brownstoner]
Recover NYC [EDC]