Push to form BID at Related’s Hudson Yards

TRD New York /
Apr.April 02, 2013 10:00 AM

Though construction on Related Companies’ Hudson Yards megaproject has just about begun, there is already a push to create a Business Improvement District in the neighborhood, DNAinfo reported. 

The Hudson Yards Business Improvement District would levy an annual fee on commercial and residential property owners in an area a tad smaller than the land that was rezoned in 2005 as part of the Hudson Yards development effort. The BID seeks to Include Properties From West 42nd Street to West 30th Street From Ninth Avenue to 11th Avenue.

Those spearheading the district hope that it will receive city approval by the fall, and will begin hosting informal discussions about the BID process this month. The proposed budget is $3 million per year.

Barbara Cohen, a consultant working on the project, told DNAinfo she anticipated that it would be a challenge to persuade people outside the confines of Related’s Hudson Yards development to support the BID.

“One of the things we’re going to introduce to people is that the BID is more than the [Related] site — that’s a reflection of the rezoning,” she said. “But with a BID, you have to get over the fact that it’s not just for business.This effort is really to make it a fully-functioning, vibrant, mixed-used district like any other New York City neighborhood.”

A host of developers, landlords and businesses in the area have already expressed support for the BID, the project’s representatives told DNAinfo, but the proposal has yet to appear before Community Board 4. [DNAinfo]Hiten Samtani 


Related Articles

arrow_forward_ios

Related is the latest developer to target the Rockaways

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

The Plaza Hotel in 1975 and models walking the runway during New York Fashion Week September 2019 (Credit: Getty Images)

Fashion Week struts its stuff at these iconic NYC locations

M&T CEO René Jones and Brookfield managing partner Ben Brown with 5 Manhattan West (Credit: M&T, Brookfield, and Wikipedia)

Brookfield lands $184M refinancing for Manhattan West retail

From left: Prabal Gurung, Dana Lorenz and Stephen Ross (Credit: Getty Images)

Stephen Ross backlash hits Hudson Yards

Related CEO Jeff Blau, Deutsche Bank CEO Christian Sewing, and Time Warner Center at 10 Columbus Circle (Credit: Getty Images and Wikipedia)

Deutsche Bank shrinks footprint at future Columbus Circle home amid global downsizing

Gym chain creator looks to part ways with Westchester County compound

arrow_forward_ios