From Pardon Me for Asking:
After Hurricane (Tropical Storm) Irene, some serious basement pumping is going on over at Third And Bond, Hudson Companies' Inc new condo building. It was built right in a flood zone, one block away from the Gowanus Canal.
One has to feel bad for those new owners. This will be an ongoing problem for them. Hudson Companies probably don't advertise that little fact in their shiny brochure.
After Irene, one can only hope that Mayor Bloomberg has a better understanding of why it's folly to build more housing in flood zones.