A 62-acre portion of land on the Flushing waterfront may soon see substantial redevelopment after receiving a special designation from the state.
Governor Andrew Cuomo announced the Brownfield Opportunity Area (BOA) designation for an area of land in the western area of downtown Flushing, bounded to the north by Northern Boulevard, to the east by Prince Street, to the south by Roosevelt Avenue and to the west by Flushing Creek and the Van Wyck Expressway.
The Flushing Willets Point Corona Local Development Corporation (FWCLDC) presented the application for the BOA, which is described as a vacant, underdeveloped and/or polluted area where, under the program, economic environmental conditions are examined and redevelopment opportunities are identified in an attempt to attract public and public investment.
The designation opens up several benefits for future developers, including support from state municipalities and a potential for tax credits.
“I thank our entire board for its support during this process and now look forward to the next phase which will include a formal ULURP application to implement the zoning recommendations included in our nomination study,” said Claire Shulman, president and CEO of the Flushing Willets Point Corona LDC said in a letter to the LDC’s board. “The LDC thanks the Department of City Planning for its stellar work on our nomination study and environmental assessment report. Our staff at the LDC also deserve thanks for their hard work in overseeing and ensuring completion of this critical phase of our work. The LDC will apply for funding for the next phase of our work (implementation) as soon as it becomes available from the state.”