Quote:
Originally Posted by M. Incandenza
De Blasio's clearly pro-development - he's made it clear that easing the housing supply shortfall is the best way to create more affordable housing. My best guess is that he just wants to get as much guaranteed affordable housing out of this project to set a baseline for similar negotiations going forward, and to demonstrate to his supporters (who are not necessarily responsive to the supply/demand argument) that he's fighting for affordable housing. I'd be very surprised, though, if he actually allowed the project to get spiked.
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And I don't disagree with that, but to threaten the future of a project is insane. He could build more affordable housing if he just let market rate apartments go up then used the additional tax revenue from them to build affordable units in less expensive neighborhoods. Forcing affordable housing into expensive developments isn't going to get the number of units he wants, and these kinds of games are just going to scare developers.