Bloomberg renews push to rezone Midtown East: AUDIO

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

TRD 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“Because of outdated zoning rules that effectively prevent new office buildings from being built in the area, East Midtown is losing its competitive edge to keep and attract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
Joe Germanotta at Art Bird & Whiskey Bar and Lady Gaga (inset) (Photo by Stephanie Ott/picture alliance via Getty Images; Lady Gaga by Kevin Mazur/Getty Images for NARAS)

Lady Gaga’s dad, MTA in rent feud over homeless at Grand Central

Michael Bloomberg and 229 West 43rd Street (Credit: Getty Images and Wikipedia)

Bloomberg moving campaign HQ to Times Square

Rudin Management Company's Bill Rudin, Blackstone's Jonathan Gray and Mike Bloomberg (Credit: Getty Images)

Bloomberg pitches real estate execs at NYC campaign HQ

Michael Bloomberg (Credit: Getty Images, iStock)

Love, hate, and real estate: Bloomberg’s record may polarize voters

Donald Trump and Michael Bloomberg (Credit: Getty Images)

Bloomberg v. Trump: Real estate edition

Donald Trump and Michael Bloomberg (Credit: Getty Images)

Bloomberg v. Trump: Real estate edition

350 Park

Vornado, Rudin mull 1,450-foot tower in Midtown East

Suri Kasirer

WATCH: Suri Kasirer on the influence of her father’s Holocaust stories and lobbying hard for the Vanderbilt Corridor and Cornell Tech

arrow_forward_ios
Loading...