Is there real reason to celebrate the 22nd anniversary for creation of the New York City Economic Development Corporation? New York City prospered and successfully grew prior to creation of the NYC Economic Development Corporation and its predecessor, the NYC Public Development Corporation which was created in 1966. In 1991, the NYC Public Development Corporation […]
Is there real reason to celebrate passing of the recent 20th Anniversary for creation of the New York City Economic Development Corporation? New York City prospered and successfully grew prior to creation of the NYC Economic Development Corporation and it’s predecessor, the NYC Public Development Corporation. In many instances, projects supported by these government corporations have been heavily subsidized by taxpayers, […]
Several years ago, Gov. Andrew Cuomo created 12 Regional Economic Development Councils around the state with a budget of over $1 billion in an attempt to create new jobs and businesses. To date, they have given out almost $1 billion of your hard earned tax dollars. Just how many new businesses and jobs have been […]
The Ridgewood Local Development Corporation (RLDC) has many plans for the 2016 fiscal year, including performing a feasibility study of creating a new business improvement district along Myrtle Avenue in Glendale between Fresh Pond Road and 71st Place, which includes approximately 302 properties.
Proposals to redevelop the massive Sunnyside Yards are building up steam after decades of discussion as more key players in the rail yard’s future are weighing in with some specific ideas for what can be built there.
Shoppers at Queens Center will soon be able to dine on endless breadsticks, 12 ounce steaks and buckets of crab, just by crossing the street. According to city officials, Olive Garden, Longhorn Steakhouse and Joe’s Crab Shack will be opening at the 26,000-square-foot restaurant development on a current vacant lot at the corner of 92nd […]
COMMUNITY INVOLVEMENT: As president and executive director of the Farmers Boulevard Community Development Corporation, Isa Abdur-Rahman works to improve the boulevard’s image in the borough. “Our efforts are to revitalize Farmers Boulevard into a convenient, vibrant and inspiring main street for all of our residents,” he said. The organization is four years old. Abdur-Rahman has […]
BY SETH TAYLOR Earlier this year, Councilmember Julissa Ferreras announced a “New Deal for Roosevelt Avenue,” a holistic seven-point plan that aims to revitalize what is widely known as one of New York City’s most bustling, yet uncared for, commercial corridors. Among the seven points is the creation of a “better business environment.” To accomplish […]
A Bayside developer has been tapped to transform a vacant Flushing property into a mixed use development. The New York City Economic Development Corporation (NYCEDC) announced it has selected Success 88 LLC, headed by Betsy Mak, to turn an abandoned site at 135-15 40th Road into 12,000-square-feet of community, commercial and retail space. “Flushing continues […]
Has anyone noticed the recent media blitz by the Empire State Development Corporation at taxpayers expense. The commercials run in heavy rotation several times per hour on many television stations. They have a catchy beat reminiscent of Bobby McFarins “Don’t Worry, Be Happy.” The costs rival major media buys from candidates running for public office. […]
Three city development corporations have admitted to illegally lobbying the City Council to win approval of their favored projects, including a much-contested plan to revamp Willets Point, the state attorney general said. The city’s Economic Development Corporation (EDC), the Flushing Willets Point Corona Local Development Corporation (FWCLDC) — headed by former borough president Claire Shulman […]
Temperatures are not the only thing that’s been skyrocketing this summer. Development in Queens has been booming in the borough, with announcements of major projects, the near-completion of others, and talks of even more to come. Mayor Michael Bloomberg announced on June 14 the long-awaited, finalized plans for a Willets Point facelift that is expected […]
Carlisle Toweryhas devoted his professional life to urban planning and economic development. He has worked since 1971 for Greater Jamaica Development Corporation (GJDC), a non-profit organization that has been in the forefront of community development inNew York City, helping to orchestrate the revitalization of the central business district of Jamaica,Queens.Born in Alexander City, Alabama, Mr. […]