Thursday, September 29, 2011
Here are the city's funding priorities
In an effort to revive the stalled construction of a public park at Willoughby Square in downtown Brooklyn, local developers and elected officials are raising millions of dollars to make up for a funding cut by the city's Economic Development Corp., which has overseen and largely bankrolled the project.
The one-acre green space is intended to sit atop a 694-space underground garage, and has long been viewed by the city and the surrounding business community as a centerpiece of downtown Brooklyn's revitalization.
In fact, the city has already shelled out $40 million on acquisition, relocation, demolition and design costs for the $70 million project, whose price tag doesn't include the cost of actually constructing the garage, which is being borne by private companies.
From Eyewitness News:
Times Square's pedestrian plazas will be getting a sleek redesign.
The Times Square Alliance says it's intended to simplify and de-clutter - and create a unified identity for the heart of Times Square.
The $27 million plan is heading for final approval and is expected to be completed in 2014.