PlanNYC -

Atlantic Yards Groundbreaking Today

gwen — Thu, 11 Mar 2010 12:06:51 -0600

On Wednesday, March 10, New York State Supreme Court Justice Marcy Friedman ruled that the Empire State Development Corporation did not break the law by changing its development and payment plans for the Vanderbilt rail yards in 2009. Justice Friedman, however, noted that the Empire State Development Corporation should have been more transparent about their development plans.

Javits Center Money Will Help Finance Brooklyn Bridge Park; City Eyes Governors Island Too

gwen — Thu, 11 Mar 2010 11:35:58 -0600

Mayor Bloomberg announced that $30 million from the Javits Center expansion project will help fund the City's construction of the 172-acre Brooklyn Bridge Park. The City will pay $55 million out of the $120 million needed to complete the park.

Mayor Bloomberg and Speaker Silver Urge Agreement at WTC

gwen — Thu, 11 Mar 2010 11:25:00 -0600

In an opinion-editorial in The New York Times , Mayor Bloomberg and Assembly Speaker Sheldon Silver (D), urge WTC developer Larry Silverstein and the Port Authority of New York and New Jersey to reach a compromise over the financing of Mr. Silverstein's two towers. Mayor Bloomberg and Speaker Silver propose that Mr.

WTC Impasse Between Developer and the Port Authority Continues

VLeon23 — Wed, 10 Mar 2010 12:56:02 -0600

After appearing together at a rally on Tuesday, Developer Larry Silverstein and the Port Authority of New York and New Jersey continue to disagree about how to more forward with development at the WTC site. Silverstein expressed his desire to begin building. The Port Authority claims that Silverstein has not secured financing or prospective tenants for the buildings.

Brooklyn Bridge Park to be Completed by the City

VLeon23 — Wed, 10 Mar 2010 12:37:49 -0600

New York City and New York State have agreed to allow the city to complete the construction of Brooklyn Bridge Park. The two entities have been at odds regarding control of the park for several months. For the next fiscal year, the city is committing $55 million to the project and the state will continue to be involved in shaping the park. No opening date has been set for the park.