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July 2, 2007

Second thoughts on Downtown Brooklyn rezoning; James, Yassky, Markowitz call for affordable housing

Atlantic Yards Report

Growing dissatisfaction with the direction of the Downtown Brooklyn plan brings together unlikely allies:

The Downtown Brooklyn rezoning was supposed to spur office space and thus office jobs, but instead the increased density has proved lucrative to developers who are building luxury housing.

That wasn't the plan, which has left the Downtown Brooklyn Partnership hoping for "creative industries" and boosters like Errol Louis with blinders.

Now City Council Members Letitia James and David Yassky are calling for the Bloomberg Administration to amend the plan to require affordable housing, reports the Brooklyn Paper. And Borough President Marty Markowitz, who has clashed with Atlantic Yards opponent James regarding the borough's most controversial project, also suggests it's time to revisit the plan.

There's a logic to that; the city increased the value of the land and has an argument that it should get something back in return; if not new tax revenues from jobs, then subsidized housing.

The Downtown Brooklyn Partnership touts 3,000 affordble housing units in the pipeline, only guess where they are... seriously, guess.

Read the rest of the article for the answer. [WARNING: Milk may come out of your nose.]

Posted by lumi at July 2, 2007 10:24 AM