Former housing czar takes swipe at de Blasio

Alicia Glen and Dan Doctoroff spoke at Wednesday’s TRD Talks Live

New York /
Jun.June 04, 2020 02:50 PM

Former New York City Deputy Mayor Alicia Glen isn’t impressed by her former boss’ plan to cut $2.3 billion from the city’s capital budget — a move some have estimated will delay the financing of 21,000 affordable housing units.

“I think it’s one of the most short-sighted things I’ve ever seen. I think it is penny wise and pound foolish,” she said during a TRD Talks Live panel Wednesday. “The debt service on that capital budget for the housing bonds are de minimis. There are so many ways that we could take a look at the operating budget.”

The former housing czar noted that the city uses its capital budget to leverage “unbelievable amounts of private investment and resources from the state and federal government.” She said the city should instead “double down on things that leverage money,” including housing. The de Blasio administration has maintained that it expects its affordable housing program to remain on track despite the cuts, which Mayor Bill de Blasio proposed after city tax revenue plummeted this spring. A representative for the mayor didn’t immediately return a message seeking comment on Glen’s remarks.

Wednesday night’s speakers largely focused on the need for continued growth in the city and how that will require changing how people think about density — especially in terms of land-use policies that encourage mixed-use projects.

Sidewalk Labs CEO Dan Doctoroff, who served as deputy mayor of economic development under Michael Bloomberg, lamented Amazon’s decision to cancel plans for a headquarters in Long Island City as a watershed moment. He commended Glen’s work on the Amazon deal and said the city will “suffer” the company’s loss. But he said opposition to Amazon showed that not all New Yorkers were confident that the benefits of the company’s headquarters would be distributed fairly.

“We’re going to have to develop a new model because if we don’t, then things like Amazon will continue to happen, the rezonings that have been defeated will continue to happen,” he said. “They may be defeated by a relatively small minority or City Council members who have too much authority over citywide imperatives, but we’ve got to be able to convince people that the benefits of that growth are going to accrue to everybody in this community.”

Write to Kathryn Brenzel at [email protected]


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)

Tech giants occupy nearly 600M-sf of US real estate

Tech giants occupy nearly 600M-sf of US real estate
Matthew Dicker, Adam Gordon and Jeff Bezos with 1255 and 12595 Flatlands Avenue (Getty, Brooklyn Logistics Center) 

Amazon inks major warehouse deal in East New York

Amazon inks major warehouse deal in East New York
Amazon's Jeff Bezos, Thor Equities' Joseph Sitt, and 280 Richards Street (Photos via Getty; Thor Equities)

Amazon inks deal for 312K-sf at Thor’s Red Hook warehouse

Amazon inks deal for 312K-sf at Thor’s Red Hook warehouse
Jeff Bezos (Getty, iStock)

“We are erring on the side of having too much capacity”: Amazon reports massive Q3

“We are erring on the side of having too much capacity”: Amazon reports massive Q3
Amazon CEO Jeff Bezos with (top to bottom) 5 Warehouse Lane in Elmsford in Westchester County, 2300 Linden Boulevard in Brooklyn and 1502 Bassett Avenue in the Bronx (Getty; Google Maps)

Amazon inks three warehouse deals for delivery stations

Amazon inks three warehouse deals for delivery stations
Amazon CEO Jeff Bezos and the Matrix Global Logistics Park in Staten Island (Google Maps; Getty)

Amazon inks huge deal for 975K sf warehouse

Amazon inks huge deal for 975K sf warehouse
arrow_forward_ios

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

Loading...