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| Re: Budget Concerns Threaten To Derail Fulton Transit Hub (560664) | |||
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Re: Budget Concerns Threaten To Derail Fulton Transit Hub |
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Posted by RonInBayside on Mon Jan 28 20:49:25 2008, in response to Re: Budget Concerns Threaten To Derail Fulton Transit Hub, posted by G1Ravage on Mon Jan 28 20:31:16 2008. But that's OK because redeveloping that block is a good idea anyway. You move marginal businesses out and repopulate for a higher tax base.The FTC building as envisioned was going to have retail tenants. If a private developer takes over above ground you'll get a new building a new retail tenants and still derive benefit. I;m not thrilled with this development. The willing constructors have full plates and are more than happy to charge platinum prices for a new station and tell the MTA to take it or leave it. MTA is doing the right thing by saying "We'll leave it" and not committing to a bad deal. We'll see what happens. |
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