From the Brooklyn Paper:
A key City Council committee is poised to pass the $1.2-billion Domino redevelopment project this morning — with the blessing of an anti-project Williamsburg lawmaker — thanks to a last-minute deal that would reduce the size of the project’s tallest towers yet not eliminate any affordable housing.
Sources close to the negotiations say that Community Preservation Corporation Resources has agreed to reduce cut its two 40-story towers down to 34 stories yet maintain the entire 660 units of below-market-rate housing from earlier versions of the plan.
The concession did not at first appease Councilman Steve Levin (D–Williamsburg), who initially wanted the project cut by 600 units. Domino initially resisted, saying that each floor of luxury housing that is cut from the project — already expensive because much of the former sugar is a city landmark — would cost the developer $5 million.
But a last-minute plea from Mayor Bloomberg, convinced Levin to soften his stance. And Domino caved after a late petition drive by industrial landowners near the project site triggered a requirement that the Council pass the project by a supermajority instead of a simple majority. A source said that Domino supporters were worried that they might not have enough votes under the new circumstances.
Glad to hear they're planning to increase electrical, subway and sewer capacity for this project. Oh, wait a minute...
Wednesday, June 30, 2010
Domino deal done
Posted by Queens Crapper at 1:57 AM
Labels: affordable housing, Brooklyn, developers, domino sugar, Steve Levin
Affordable housing? "Luxury" projects like this have the nasty effect of artificially raising the housing prices around them. A few below market rate units won't matter when the market rate actually goes up because of this thing. This is a sham and the idiots fall for it every time.
Not to mention over 1000 parking spaces! Yikes! Should have been 0.
Where is the city preservation community? Why aren't they asking these questions on infrastructure?
.... oh wait a minute, they live in landmarked districts so this will not impact on them.
Doesn't Brooklyn have the equivalent of a Queens Civic Congres?
.... oh wait a minute, that wouldn't make any difference anyways.
This project looks a 1/2 mile wide and will block the city view of 1/2 of Brooklyn and Queens.
Thats messed up for perhaps a million private homeowners.
The screwed people in LIC with this tower crap
That's OK. The politicians who approved this mess will fall like dominoes come the November elections and beyond!
Maybe they have can the power outages for the next few or so years.
Should be interesting with all those cars banging into each in that already congested area by the Williamsburg bridge.
How is this going to block city views for people in Queens, Joe?
No one has any $$$$$$...........
Who knows which requirement was triggered by the petition drive?
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