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City considering $200M in projects for minority developers
Don Peebles criticized proposal as insufficient
Mayor Bill de Blasio may be planning a big push to help minority- and women-owned developers.
At a secret meeting Tuesday, de Blasio said he was considering setting aside six development projects worth around $200 million for minority-run firms.
One meeting participant told the Post he was happy with de Blasio’s focus on minority-run developers, but criticized the proposed outlays.
The mayor also said he would create a fund to provide $10 million to $20 million in loans to the same group of developers, the New York Post reported.
Real estate developer Don Peebles agreed, telling the Post,“The $10 million fund offer is consistent with the crumb approach this administration has towards minority- and women- owned businesses. This time, he is offering less of a crumb.”
Peebles, who has floated the possibility of opposing de Blasio in the 2017 election, had previously slammed the mayor for his failure to address the needs minority-run developers. [NYP] – Ariel Stulberg