From the Brooklyn Paper:
A key City Council committee is poised to pass the $1.2-billion Domino redevelopment project this morning — with the blessing of an anti-project Williamsburg lawmaker — thanks to a last-minute deal that would reduce the size of the project’s tallest towers yet not eliminate any affordable housing.
Sources close to the negotiations say that Community Preservation Corporation Resources has agreed to reduce cut its two 40-story towers down to 34 stories yet maintain the entire 660 units of below-market-rate housing from earlier versions of the plan.
The concession did not at first appease Councilman Steve Levin (D–Williamsburg), who initially wanted the project cut by 600 units. Domino initially resisted, saying that each floor of luxury housing that is cut from the project — already expensive because much of the former sugar is a city landmark — would cost the developer $5 million.
But a last-minute plea from Mayor Bloomberg, convinced Levin to soften his stance. And Domino caved after a late petition drive by industrial landowners near the project site triggered a requirement that the Council pass the project by a supermajority instead of a simple majority. A source said that Domino supporters were worried that they might not have enough votes under the new circumstances.
Glad to hear they're planning to increase electrical, subway and sewer capacity for this project. Oh, wait a minute...