- Inhabitat New York City - http://inhabitat.com/nyc -
Stalled Greenpoint Waterfront Park Could Move Forward with New Plan to Fund It by Selling Air Rights
Posted By Ayasha Guerin On August 15, 2012 @ 1:50 pm In Brooklyn,Green Space | No Comments
Brooklyn residents who’ve long been awaiting the Greenpoint-Williamsburg Waterfront Park  promised to them 7 years ago may be in for some good news. Earlier this week, the New York City Economic Development Corporation  sent out a call for developers’ proposals to purchase the air rights around 65 Commercial St. in Brooklyn, and the plan is to use the proceeds to pay for some of the expenses associated with building the new green space. It’s been almost a decade since New Yorkers were vowed the 30 acres  of waterfront parkland, so we’re really hoping this new course of action will lead to getting it up and running.
At the moment, the land the NYCEDC is hoping to sell the air rights to sits in a prime location directly on the waterfront, and hosts MTA Trams, which will need to be relocated  if park construction is ever to begin. The reason for the 7-year delay on Greenpoint Park, according to city officials, is a lack of public funds. Purchasing air rights would allow developers to construct higher and denser buildings around the properties surrounding 65 Commercial St. and could also help pay for the park.
The profits from the sales would be used to relocate the trolleys  and begin landscaping of the promised park. Still, the city has admitted that it lacks a concrete plan  for this transformation. Residents are anxiously waiting to see whether the city will finally begin to deliver its green promises after the call for proposals is closed on August 30th.
Via dnainfo.com 
Article printed from Inhabitat New York City: http://inhabitat.com/nyc
URL to article: http://inhabitat.com/nyc/stalled-greenpoint-waterfront-park-could-move-forward-with-new-plan-to-sell-air-rights-to-fund-it/
URLs in this post:
 Share on Tumblr: http://www.tumblr.com/share
 Email: mailto:?subject=http://inhabitat.com/nyc/stalled-greenpoint-waterfront-park-could-move-forward-with-new-plan-to-sell-air-rights-to-fund-it/
 the Greenpoint-Williamsburg Waterfront Park: http://www.nycgovparks.org/park-features/future-parks/greenpoint-williamsburg-waterfront
 New York City Economic Development Corporation: http://www.nycedc.com/
 New Yorkers were vowed the 30 acres: http://www.dnainfo.com/new-york/20120607/williamsburg/williamsburg-community-demands-open-space-promised-by-city-2005
 Image: http://inhabitat.com/nyc/?attachment_id=424765
 need to be relocated: http://www.dnainfo.com/new-york/20120814/williamsburg/city-attempts-develop-long-stalled-greenpoint-park
 to relocate the trolleys: http://www.nycedc.com/opportunity/65-commercial-street-development-rights-rfp
 lacks a concrete plan: http://www.dnainfo.com/new-york/20120614/williamsburg/city-admits-it-has-no-concrete-plan-for-promised-waterfront-space
Copyright © 2011 Inhabitat Local - New York. All rights reserved.