On the morning of November 1st, at the Sheraton Times Square, Mayor Bill de Blasio spoke to a diverse business crowd about the ever growing population of our City – trumpeting the fact that at 8.55 million, NYC has never been bigger. The Mayor discussed “diversifying the economy,” including using City resources to incentivize a “five-borough economy” with involvement of the City in encouraging “advanced manufacturing,” real estate development and upcoming rezoning initiatives. The Mayor also spoke about the need to build trust in neighborhoods and stressed efforts being made to inform communities that development isn’t happening to them, “but by them and for them.” He added that many of those who live in these developing neighborhoods look at development “through the prism of past (and not good) experiences” but by building trust through “guaranteeing that developers do what they promised,” their attitudes would be able to change as well.
Welcome back to the Herrick Zone. We have a new editor and intend to revitalize the blog to keep you current on news and updates that involve land use and zoning issues.
De Blasio administration considers major changes to NYC’s air-rights policy
Herrick’s Land Use & Zoning team will be monitoring the developments of the De Blasio Administration as they consider policy recommendations in the near future over the city’s air rights. If the city decides to adopt any reforms, they would fall into two broad areas that were discussed at a meeting with city officials and stakeholders on September 30th. The first would involve private transactions, which allow developers to buy unused square footage from owners on the same block. The second area of discussion concerned landmarked buildings as owners often have the right to build much bigger structures but can’t because of the building’s protected status.
For the full article on Crain’s New York click here.
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