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September 27, 2008
Panels: 'The Sky Is Not Falling'
GlobeSt.com
Ryan Clark
Movers and shakers of CRE gathered within the towering majesty of the Roosevelt Hotel here to discuss and debate the future of New York's real estate market. Despite the downturn, the mood was optimistic.The conference began with keynote speaker Seth Pinsky from the New York City Economic Development Corp. (NYCEDC), voicing his opinion that Mayor Michael Bloomberg was the "best mayor this city has ever seen." Pinsky pointed out that currently, New York had the highest bond rating in 80 years and that, by the end of the mayor's term, the boroughs will have "rezoned 20% of the city's land area." Listing some of these accomplishments, Pinsky rattled off a slew of ongoing projects including, the far Westside, the 11th Avenue subway expansion, Willet's Point, Hunt's Point, the Atlantic Yards project and the two new stadiums in the Bronx and Queens.
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NoLandGrab: So we're guessing Mr. Pinsky thought this was more important to attend than a congressional hearing on stadium financing? And which of his rattled off slew of projects is not like the others? All but Atlantic Yards have been rezoned using ULURP.
Posted by amy at September 27, 2008 10:06 AM