« Plaintiffs in Atlantic Yards eminent domain lawsuit ask Court of Appeals to reopen case given appeal in similar Columbia case | Main | Congratulations Bruce »
December 10, 2009
Atlantic Yards YES! Brooklyn's 237 stalled building projects NO!!
New York State has one set of rules for Bruce Ratner and another set of rules for everybody else.
Crain's NY Business, Stalled construction site total hits 515
Brooklyn is hardest hit borough, followed by Queens; further stalled projects are unlikely as work has to start in order to be halted.
Construction work has halted on 515—mostly residential—properties across the five boroughs according to the latest analysis of the city's Department of Buildings inspection records. Hardest hit is Brooklyn.
Nearly half, 46%, of the stalled projects citywide are in Brooklyn according the New York Building Congress, which conducted the analysis. Northern Brooklyn neighborhoods such as Williamsburg and Greenpoint, which had seen a housing boom in the years leading up to the market collapse, have the most stalled projects, making up 30% of the 237 sites in the entire borough.
...Since the city DOB began tracking stalled construction sites weekly in July, the total has increased by 30% as of Nov. 29. The good news is the numbers aren't expected to worsen because there aren't too many new projects in the ground, said Mr. Anderson. “You need them to get started before they can be stalled,” he noted.
...“To have all these sites just sit there is not encouraging. They do not generate jobs and tax revenues,” said Mr. Anderson. “There is a great deal of construction activity throughout the city that can hopefully be unleashed with the right kind of programs.”
NoLandGrab: That's right, folks. With literally hundreds of residential development projects — many of which could be converted to affordable housing — sitting idle and incomplete, the Empire State Developerment Corporation is pouring all its efforts into breaking ground for a basketball arena. And no, that's not a typo.
Posted by eric at December 10, 2009 9:21 PM