|
|
| Re: Budget Concerns Threaten To Derail Fulton Transit Hub (560692) | |||
 |
|||
| Home > SubChat | |||
|
[ Read Responses | Post a New Response | Return to the Index ] |
|
||
|
Re: Budget Concerns Threaten To Derail Fulton Transit Hub |
|
|
Posted by Russ on Mon Jan 28 21:11:09 2008, in response to Re: Budget Concerns Threaten To Derail Fulton Transit Hub, posted by RonInBayside on Mon Jan 28 20:49:25 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.That's true, although in a situation (not this one) where eminent domain is used solely to assist in private sector real estate development, I believe that governments should exercise far more restraint. 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. Yes! This is what I want in my 'hood. 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. I am thrilled with this development. I like to see the MTA act responsibly, which is not something that we always get to see. I also like that the property - one of the choicest empty lots in Manhattan - will stay on the tax rolls. It also means that the MTA just might be able to get a developer to pay for an atrium, and recoup some of the money that has been outlaid. I personally did not like the design of the "Glass Egg." Compared to Santiago Calatrava's design for the new PATH station, the Egg just didn't do it for me. If the new PATH station is Marilyn Monroe singing "Happy Birthday, Mr. President," then the Glass Egg is Ethel Merman belting out, "Anything You Can Do." |
|
|
|