Downzoning proposal swept under the rug

From The Real Deal:

A Giuliani administration proposal opposed by the real estate industry and drafted during the building boom of the late 1990s to restrict building height and density was unceremoniously killed by the city last week.

The citywide plan, known as the unified bulk program, would have restricted the height of buildings in neighborhoods, removed the plaza bonus for apartment towers that allows for taller construction and imposed restrictions on the transfer of development rights, through a comprehensive reform of the 1961 Zoning Resolution.

It was not formally withdrawn until February 5 by the Department of City Planning, but a spokesperson for the agency declined to comment.