The city’s Economic Development Corp. said yesterday that transforming the industrial, downtrodden Willets Point area in Queens will probably cost more than $3 billion. The EDC, which is getting ready to submit a Willets Point development plan to the city’s land-use review process, said private developers would have to pay the lion’s share of costs to make over the area. more [Post]
Willets Point revamp will cost $3B+
June 14, 2007 12:00AM
