Economic Development Corporation

Rockaway Ferry service extended to May
Rockaway Ferry service extended to May
South Maggie Hayes 1/21/2014 at 11:26AM

Residents on the peninsula no longer will experience the dreaded end of the Rockaway Ferry. The water service has been extended until May. “While the Rockaway Ferry service began as an emergency measure, serving residents after Hurricane Sandy devastated other public transit options, it has since proved to be a valuable part of the city’s [...]

More than 30 business owners take payout to leave Willets Point
More than 30 business owners take payout to leave Willets Point
Top Stories Melissa Chan 12/05/2013 at 10:19AM

“We’ve moved” signs are popping up in Willets Point, as 22 business owners took a payout to relocate by the end of last month, city officials said. The city’s Economic Development Corporation (EDC) in August offered a pooled $3.5 million to auto shop owners in the Phase 1 area of the Willets Point development site [...]

$3.5M in payouts on table for Willets Point business owners
News Melissa Chan 8/30/2013 at 12:29PM

A pooled $3.5 million in payouts is on tap for some Willets Point business owners who agree to leave the Iron Triangle by the end of January. The city’s Economic Development Corporation (EDC) sent letters earlier this month to 90 auto shop owners in the Phase 1 area of the Willets Point development site, alerting [...]

Road closure hurting Willets Point businesses, say owners
Road closure hurting Willets Point businesses, say owners
Top Stories Melissa Chan 8/29/2013 at 11:40AM

Business has come to a screeching halt for about 20 auto shops stunted by construction near Citi Field, The Courier has learned. “It’s crushing us,” said store owner Sal Yaloz. “We’re really, really suffering. I just want to work, and you don’t hear that too often.” The city shut out business for nearly two dozen [...]

Sewer project set to bring flood relief
Sewer project set to bring flood relief
Southeast Maggie Hayes 7/29/2013 at 4:09PM

Springfield Gardens may soon get relief from years of flooding problems. Department of Environmental Protection (DEP) Commissioner Carter Strickland announced the start of work to dredge Springfield Lake and double its depth. It will then become part of a new network of Bluebelt wetlands designed to receive stormwater through a new sewer system. Stormwater will [...]

Board greenlights transient hotel in downtown Flushing
Board greenlights transient hotel in downtown Flushing
Northeast Melissa Chan 4/12/2013 at 9:09AM

The developer of an 18-story building in downtown Flushing received a key nod to operate as a short-stay hotel. Community Board 7 voted 30-8 to approve a variance with conditions that would allow developer Fleet Financial Group to function as a transient hotel over a residential one at 42-31 Union Street. Guests are required to [...]

AG: Development Corporations lobbied illegally for projects
News Melissa Chan 7/11/2012 at 1:18PM

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 [...]