City Ups Ante in Bid to Take Over Brooklyn Bridge Park
At a community meeting tonight, the city plans to unveil its plan to inject $55 million (and possible more at a later date) into the development of Brooklyn Bridge Park, reports The Daily News. The move would postpone, and possibly eliminate, the need to build condos in the park, a possibility that has divided the…
At a community meeting tonight, the city plans to unveil its plan to inject $55 million (and possible more at a later date) into the development of Brooklyn Bridge Park, reports The Daily News. The move would postpone, and possibly eliminate, the need to build condos in the park, a possibility that has divided the community for years and only added to the park’s troubles. In return for the large capital injection, Bloomberg wants sole control of the waterfront land. To date, the Brooklyn Bridge Park Development Corporation has been a joint venture between the city and the state, an arrangement whose bureaucratic inefficiencies are not hard to imagine. Offering a way to take the condos off the table may be the clincher, given that it’s the main sticking point for newish State Senator Daniel Squadron. “A city takeover has great potential if there’s money on the table [and] a meaningful discussion of alternatives to housing,” the senator told The Daily News.
Bloomberg Intensifying Bid to Wrest control of BBP from State [NYDN]
Gatehouses Land in Brooklyn Bridge Park [Brownstoner]
Brooklyn Bridge Park: Progress and Funding [Brownstoner]
Bloomberg’s legacy is going to be Bruce Ratner
M. Lafever, I can only pray that you are right.
The only reason this has gotten anywhere is because of Bloomberg. I think he envisions a series of waterfront parks as his legacy. And it would be a good one.
The City has to wrench the cold, dead, hand of Albany off this site. Once that is done,the project will be completed.
Demolition of the old pier 1 warehouses is progressing rapidly. The first new building will probably be the new hotel on that site. Between the new hotel and One BBP, there should be enough PILOT funds to pay for the maintenance of the new park for a while.