Bloomberg’s Seaport City is high-end scam: FiDi panel

TRD New York /
Sep.September 11, 2013 08:59 AM

Mayor Michael Bloomberg’s proposed Seaport City is really nothing more than a luxury development scheme masquerading as a storm shield for Lower Manhattan, according to the community board for the Financial District.

Members of Community Board 3 leveled the charge against Bloomberg last night at a panel that discussed the plan for the neighborhood modeled after Battery Park City. Their skepticism has been fueled by Bloomberg himself, who describes the multibillion-dollar project as an economic development tool as well as a protection against furious weather, the Lo-Down reported.

The New York City Economic Development Corp. is moving forward with a feasibility study for the development, which would be just south of the Brooklyn Bridge.

Dan Zarrilli, the city’s resiliency director, told the board members that plans for the new neighborhood are preliminary and assured them that the city has no preconceived notions about the project. Still, his words did nothing to appease long-term community activists.

“You come here and it’s the fear” of another disaster, said David McWater, co-chair of CB3′s land use committee. “The only way to deal with (rising sea waters) is to build luxury housing” and to say to “the little people who got hurt in (Hurricane Sandy), the billionaire (developers) are coming in. It sticks in my craw.”

Board Chairperson Gigi Li pointed out that any revenue from Seaport City would go into a general city fund and would not directly benefit the are. [Lo-Down]  – Hiten Samtani


Related Articles

arrow_forward_ios
Michael Bloomberg and the Westlands in Meeker, Colorado (Credit: Bloomberg by Toni L. Sandys/The Washington Post via Getty Images)

Michael Bloomberg picks up $44M estate in Colorado

Michael Bloomberg picks up $44M estate in Colorado
Fairway at 480-500 Van Brunt Street in Red Hook and the O’Connell Organization's Greg O’Connell (Credit: Google Maps)

Fairway landlord: Private-equity owners ruined Red Hook store

Fairway landlord: Private-equity owners ruined Red Hook store
Mayor Bill de Blasio and subway damage caused by Hurricane Sandy (Credit: Getty Images)

Program to rebuild Sandy-damaged homes needs extra $92M

Program to rebuild Sandy-damaged homes needs extra $92M
Army Corps of Engineers Commander Lt. Gen. Todd Semonite and flooding caused by Hurricane Sandy in 2012 (inset) (Credit: Getty Images)

A $119B seawall still might not protect Manhattan, critics say

A $119B seawall still might not protect Manhattan, critics say
Michael Bloomberg and 229 West 43rd Street (Credit: Getty Images and Wikipedia)

Bloomberg moving campaign HQ to Times Square

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

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

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

Bloomberg v. Trump: Real estate edition
arrow_forward_ios

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

Loading...