Bloomberg renews push to rezone Midtown East: AUDIO

Argues rezoning will keep neighborhood competitive; reduce congestion in Grand Central

New York /
Aug.August 04, 2013 04:00 PM

Mayor Michael Bloomberg once again laid out his argument for rezoning Midtown East in his weekly radio address.

In his speech on 1010 WINS News Radio, Bloomberg argued that rezoning the neighborhood would maintain Midtown East’s competitive edge and reduce congestion within Grand Central Station.

“Because of outdated zoning rules that effectively prevent new office buildings from being built in the area, East Midtown is losing its competitive edge to keep and attract businesses – and that could mean fewer jobs for New Yorkers and lost tax revenue,” he said. “At the same time, Grand Central is too congested, as anyone who has taken the 4/5/6 subway line knows all too well.”

Rezoning, according to Bloomberg, “would help tackle both of these issues.”

The Bloomberg Administration has submitted a rezoning proposal that would permit a limited amount of modern office space in the neighborhood “crucial to keeping the area a competitive, thriving business center.” In addition, the rezoning proposal “would improve the commute to and through Grand Central by easing train and commuter traffic at the station.”

“This new plan is a great deal for the City,” he added. “It’ll bring benefits to the public far more quickly, and they’ll be entirely paid for by developers attracting new businesses and jobs.”

To hear the audio, click here– James Comtois


Related Articles

arrow_forward_ios
From left: Edith Hsu-Chen, Dan Garodnick, and Eric Adams (Getty Images, Department of City Planning)
Adams taps new leaders for City Planning
Adams taps new leaders for City Planning
Former NYC planning czar Donald Elliott dies
Former NYC planning czar Donald Elliott dies
Former NYC planning czar Donald Elliott dies
175 Park Avenue with RXR Realty's Scott Rechler and TF Cornerstone’s Frederick Elghanayan (SOM Architects, Getty, TF Cornerstone)
RXR, TF Cornerstone cleared for 1,500-foot tower at Grand Central
RXR, TF Cornerstone cleared for 1,500-foot tower at Grand Central
Dan Doctoroff (Getty)
Dan Doctoroff stepping down from Sidewalk Labs, faces ALS battle
Dan Doctoroff stepping down from Sidewalk Labs, faces ALS battle
Bloomberg nabs 191K sf expansion with SL Green
Bloomberg nabs 191K sf expansion with SL Green
Bloomberg nabs 191K sf expansion with SL Green
A new Soho and Noho: City Planning OK’s rezoning to add housing
A new Soho and Noho: City Planning OK’s rezoning to add housing
A new Soho and Noho: City Planning OK’s rezoning to add housing
De Blasio taps Anita Laremont to take over Marisa Lago’s City Planning roles
De Blasio taps Anita Laremont to take over Marisa Lago’s City Planning roles
De Blasio taps Anita Laremont to take over Marisa Lago’s City Planning roles
Director of the New York City Department of City Planning and Chair of the City Planning Commission Marisa Lago. (NYC gov, Getty)
Biden nominates City Planning director Marisa Lago for Commerce Dept role
Biden nominates City Planning director Marisa Lago for Commerce Dept role
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...