By State Senator Jose Peralta It was tremendously disappointing to learn that Governor Andrew Cuomo’s plan to build the country’s largest convention center at the Aqueduct Racetrack will not come to fruition. No sooner had the governor announced the plan during his State of the State address in January than I endorsed the idea and [...]
Mayor Michael Bloomberg’s Willets Point announcement last week came with some nice numbers. More than 12,000 construction jobs and 7,000 permanent jobs will come from the proposed Willets Point renovation, which includes retail space, a hotel and quicker access to the Van Wyck Expressway. The reconstruction — to be funded by $3 billion in private [...]
More than 12,000 construction jobs and 7,000 permanent jobs will come from the proposed Willets Point renovation, Mayor Michael Bloomberg said, which includes retail space, a hotel and quicker access to the Van Wyck Expressway. The reconstruction — to be funded by $3 billion in private investment, as well as $100 million in city capital [...]
Courting of Willets Point as a potential site for what could be the nation’s largest convention center – and a major booster for New York City’s economy – has begun, with an open letter from State Senator Jose Peralta to Governor Andrew Cuomo. In the letter, Peralta notes that he supported the governor’s original announcement [...]
Willets Point might become the new destination for a convention center, after it was announced that plans for one near the Aqueduct Racetrack have fallen through. Governor Andrew Cuomo acknowledged Friday, June 1, that talks for what would have been the largest convention center in the country were not working out. Any future plans to [...]
A new deal has been reportedly struck between the city and a real estate firm to redevelop Willets Point into a mixed-use retail and housing hub, according to reports. The city rescinded its bid two weeks ago to acquire and develop Willets Point through Eminent Domain, and instead, according to published reports, has reached an [...]
A coalition of Willets Point business owners are urging the city to repair severely deteriorated streets in their “forgotten land” before emergency response times are more hindered and further revenue is lost. “There is no reason to deny our neighborhood essential services. We are New York City taxpayers, and we will not tolerate having to [...]
New York City rescinded its bid to acquire and develop Willets Point through Eminent Domain and may not be able to obtain it for a while, according to an opposing lawyer. “They cannot condemn this property,” said Michael Rikon, the lawyer who represented Willets Point property owners against the city. “That would require starting from [...]
As the redevelopment of Willets Point moves ahead, city officials are “ramped” up, thanks to approval by the Federal Highway Administration (FHA) of the proposed ramps that would connect the Van Wyck Expressway to Willets Point. However, area businesses fighting the city’s use of Eminent Domain to revamp Willets Point say that the ramps are [...]
The mortgage to a 3.5-acre piece of land in Flushing, in the midst of a foreclosure lawsuit, is expected to be sold within two weeks, officials said. According to David Schechtman, executive managing director for Eastern Consolidated — who represents the lender and is supervising the sale of the defaulted mortgage — owners of the [...]
