On Monday, the city’s Economic Development Corporation (NYCEDC) released a feasibility study in regards to a planned, mostly residential development over the Sunnyside Yard.
The study is a follow up to Mayor Bill de Blasio’s proposal to build thousands of units of affordable housing on top of the massive rail yard, which he first announced at his state of the city address in early 2015.
Governor Andrew Cuomo expressed his opposition to the project shortly afterward claiming that the owners of the site—the MTA, Amtrak, and New Jersey Transit all had expansion plans that would interfere with any development in that area.
The results of the feasibility study are now looking to dispel those concerns. The study identified that about 80-85 percent of this 180-acre site is buildable with the use of decking, and highlighted three potential proposals, costing anywhere between $16 to $19 billion, on how best to move forward.
The first would see the creation of 18,000-24,000 apartments, 5,400-7,200 of which would be affordable (that’s about 30 percent of the overall development). That proposal would also create between 13-19 schools, 38-52 acres of open space, and retail.