Quote:
Originally Posted by Submariner
Wouldn't it suit his motives to allow for a taller building in return for more transportation dollars? I don't know a whole lot about how this works, but doesn't more developer-friendly zoning translate into greater revenues for the city?
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It would. The critics of Bloomberg's plan (Bloomberg withdrew the plan after it was clear he wouldn't get the votes to pass it) have said that the City was selling development rights too low, and it wouldn't generate enough for massive transportation improvements.
De Blasio has said that Bloomberg's plan too narrowly defined what sites could be built on, excluding attractive sites for development. Critics of anything being demolished won't like De Blasio's plan, which would likely open the door for more sites being built on.
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