From the Daily News:
RACING TO put his stamp on midtown before his third term expires, Mayor Bloomberg’s administration is fast-tracking a plan to transform the zoning near Grand Central Terminal.
The target area for the rezoning would be bound by Fifth and Third Aves. and stretch from E. 39th St. north to E. 59th St., several official and private sector sources said.
The objective is to allow for developers to knock down aging, too-small-for-the-big-time buildings and construct ultramodern towers — the bigger, the better.
“This is something that Bloomberg would like to finish before leaving office,” said a leading business official who was told about the plan but asked not to be identified because its specifics have yet to be formally proposed.
“This would be a linchpin of his legacy.”