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April 12, 2007
Holding Your Hood Hostage At Blight Point
OnNYTurf
Developer blight* isn't only for large-scale redevelopment plans. In a new twist, developers are proudly blighting their own properties:
Prospect Heights ain't the only place where developers create blight to try to get their way with citizens and government.
Thor Equities, like Ranter, is brandishing the blight weapon in Coney Island in hopes of getting the city to change brand new zoning where his property is so he can put in luxury towers. Neil deMause has penned a must read at the Village Voice about how Thor is taking Coney Island hostage.
...
And hey Williamsburg, how is that lot owned by Quadriad looking at Bedford and North 4th, thats been empty for about a year now eh?
* From a 2006 Government Accounting Office Report:
Property rights groups also expressed concerns that blight may be exacerbated by the redevelopment activity and has been termed "developer blight"--that is, the physical decline of a parcel or area, such as a city block, once a redevelopment project has been announced.
Posted by lumi at April 12, 2007 7:39 AM