From Mole 3333 at Daily Gotham:
I am sick and tired of NYC putting developers on a pedestal and claiming it's good for the community. At its best development is great. But the way it is done in NYC the developers get whatever they want and a vibrant community gets replaced by luxury condos and unfilled office space. And more often than not it is all done behind the backs of the voters. As long as developers get secret sweetheart deals, then back out of their promises, I do not believe development, as it has been implemented in recent years in NYC, is beneficial. We need development plans like the Unity Plan, not more and more overpriced and oversized projects that promise jobs and affordable housing but do a poor job of delivering anything but profits for millionaires at taxpayer expense.
And Bloomberg is at the head of this movement to give developers everything they want, usually through backroom deals.