Cuomo OKs Hudson River Park air rights bill

New York /
Nov.November 14, 2013 11:32 AM

Governor Andrew Cuomo signed a bill into law yesterday that gives the cash-strapped Hudson River Park the ability to sell up to 1.6 million square feet of air rights. Cuomo had until midnight today to decide on the fate of the bill, which will likely result in commercial and residential development at the park, located on the Far West Side of Manhattan Between Battery Place And West 59th Street.

The bill was passed the same evening that about 200 West Side residents held a meeting to discuss their concerns that excessive development would ruin the waterfront, the Villager reported. Some questioned the lack of transparency behind the bill’s approval.

“We don’t need legislation passed without appropriate input and feedback from the impacted communities,” Bill Borock, president of the Council of Chelsea Block Associations, told the Villager.

Madelyn Wils, CEO of the Hudson River Park Trust, which controls the park, was in attendance at the meeting, but declined to comment. [Villager]  – Hiten Samtani


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)
Owners of some residential properties can’t hide behind LLCs anymore
Owners of some residential properties can’t hide behind LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)
Landlords take another hit: Cuomo signs expanded Loft Law
Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)
Cuomo wants to exempt NYC from prevailing wage bill
Cuomo wants to exempt NYC from prevailing wage bill
City Planning Commissioner Hope Knight and a rendering of the new Penn Station (NYC Department of City Planning, Getty Images)
State greenlights massive Penn Station development plan
State greenlights massive Penn Station development plan
St. Paul and St. Andrew United Methodist Church at 263 West 86th Street (Google Maps, iStock)
Upper West Side church prays for air rights extension
Upper West Side church prays for air rights extension
950 Third Avenue (950 Third Avenue)
“There will be no return”: Tower won’t give back air rights
“There will be no return”: Tower won’t give back air rights
From left: Gov. Kathy Hochul, Mayor Bill de Blasio, Public Advocate Jumaane Williams, and Rep. Lee Zeldin
Here’s where the top contenders for NY governor stand on real estate
Here’s where the top contenders for NY governor stand on real estate
Governor Kathy Hochul (Getty)
Hochul downsizes Cuomo’s Penn Station plan
Hochul downsizes Cuomo’s Penn Station plan
arrow_forward_ios

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

Loading...