From the NY Times:
The New York City Housing Authority has posted on its Web site new details of its plan to lease lands for private development at eight Manhattan projects, with the caveat that much of the plan is subject to revision.
Housing officials have been releasing the information piecemeal at tenant meetings over the last few weeks, but faced criticism from both tenants and elected officials that they had not disclosed enough information about the proposal.
In all, New York City housing officials expect some 14 residential towers to be built in the eight housing projects, with mostly market rate apartments.
The officials said the plan could yield more than $50 million a year to help them defray $6 billion in unmet capital improvements and repairs.
The new construction would replace parking spaces, garbage compactor yards, recreational areas and community centers. Housing officials said some of those facilities would be relocated.