Rezoning raises gentrification fears in Chinatown

April 11, 2008 02:31PM

Residents of Chinatown are protesting the proposed 114-block rezoning that would limit the height of buildings in the East Village, Lower East Side and a few blocks of Chinatown. Because the zoning would exclude most of Chinatown, residents fear developers barred from building in the rezoned areas would move their luxury condominium projects to Chinatown, causing property prices to skyrocket. Opponents turned out in force at a recent public meeting where the rezoning wasn’t even on the agenda and testified against what they called a racist plan that was not properly disclosed to the public. 


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