From the NY Times:
“There is an evolution going on in that part of Long Island City; the building is old, it doesn’t warrant repairs, and no matter what, it has to come down,” Mr. Wolkoff, 74, said in a telephone interview from Long Island, where he and his son own two business parks and are attempting to develop the decaying Pilgrim State psychiatric center site in Brentwood.
“It’s time for me to put something else there,” he said of 5Pointz. “It’s a great location for young people and empty nesters who can’t afford Manhattan.” Mr. Wolkoff does not think the clatter of the No. 7 train will deter renters: “I can get you to 53rd and Fifth in 12 minutes!”
Supporters of this unlikely art temple are rallying to preserve it. An online petition called “Show Ur Love to 5Pointz” has accumulated more than 11,000 signatures and comments. The prevailing emotions: disbelief that the building will disappear and force graffiti artists back underground, and outrage that street art is again being censored.