Tuesday, November 01, 2005

Willets Point in the Crosshairs

Crains is focusing this week on the future development of Willets Point ($). We have already commented on the mayor's enthusiastic support for the maintenance of eminent domain and it is clear that WP will be first up when it comes to the application of ED.

The administration is poised to winnow down the list of 13 developers who have submitted bids to build on the Iron Triangle site. A final determination is expected to be made by the summer. All of which makes it incumbent on the WP merchants to mobilize as soon as possible so they can be proactive in developing the kind of coalition needed to defeat the redevelopment.