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June 30, 2005
BEYOND BLOOMBERG’S STADIUM INFATUATION
An economic development plan for the boroughs.
CityLimits.org
by Jonathan Bowles
Mayor Bloomberg gets high marks from the business sector and urban planners for reorganizing local governmental agencies, widening the focus of economic development to the outer boroughs and opening the planning process to community input.
However, there is still much criticism over his "top-down approach" to large-scale development projects that favor prominent local developers:
In almost every neighborhood where prominent real estate developers have expressed an interest--including Greenpoint and Williamsburg, Atlantic Yards, Red Hook, the far West Side of Manhattan and the Bronx Terminal Market--the administration takes a distinctly top-down approach to economic development. Though the prospect of significant private investment in these long-overlooked neighborhoods is in many ways a welcome sight, the administration often seems overeager to cut deals with developers and uninterested in whether a project will displace existing businesses or significantly alter the unique character of a neighborhood.
Posted by lumi at June 30, 2005 6:44 AM