More land acquired by city in Willets Point

The New York City Economic Development Corporation has signed property
acquisition agreements with two more property owners in Willets Point,
bringing the amount of land controlled by the city in the Queens
neighborhood to nearly 40 acres, or 65 percent. The large land acquisition is part
of the city’s Five Borough Economic Opportunity Plan, which went through
the public review process in November. Plans include turning the
62-acre contaminated industrial area into a mixed-use community,
complete with a school, shops and restaurants. This venture will
create nearly 18,000 construction jobs and 5,000 permanent jobs once
construction is completed. “We will continue to work with the remaining
land owners and businesses as we move forward with our plans to
transform this blighted area into a center of economic opportunity and
job creation,” said Seth Pinsky, EDC’s president. TRD