This report was written 8 years ago, but most of the findings are still relevant today:
The Big Squeeze
This particular passage jumped off the screen:
"The development Queens West is one example of the city's short-sighted land use policy. In the early 90s, city and state government and the Port Authority joined forces to develop the waterfront at Hunter's Point - a stone's throw from Long Island City - with residential units, retail establishments and a private tennis club. The project went forward at a time when the city's economy was in a slump and there was no significant demand for industrial space. If that land were available today, it would be ideal for industrial expansion. While the impetus behind Queens West was understandable, the city was left without a large well-located industrial site once the economy picked up and demand for that type of space grew."
Unfortunately, our city never learns from its past mistakes and thus redevelopment of industrial space for residential use continues.