Business Services Industry

Messinger vote on Riverside So. still up in the air - Manhattan Borough President Ruth Messinger to vote on development plan in New York, New York

Real Estate Weekly, August 26, 1992 by Lois Weiss

Borough President Ruth Messinger will cast her vote this week on the Riverside South development plan. The 74-acre project has been under intense scrutiny for several years as it has gone from a plan with the tallest building in the world to one in which the opponents became the developers.

The $2.1 billion mixed use development proposed for the Upper West Side railyards entered the Uniform Land Use Review Process just before the summer. The Community Board has already voted "no" and cited a laundry list of concerns.

Messinger said there are negotiations taking place with the Riverside South developers on the major issues which she noted have been raised and highlighted over the last year or more. Some progress has got to be made in these discussions, she said. "If we are just chatting about design, affordable housing and sewerage treatment, then we can't do a favorable report," she added.

Messinger said she was pleased to see serious negotiations. In the past, she said, there would be a long period of time during which there would be no discussions until the last few hours before a major decision. "From my point of view, while waiting to see if something happens, at least the parties are engaged," she said.

"Hopefully, the discussions will lead to new agreements, understanding and tough provisions for enforcement," Messinger continued," so provision are being addressed that could make it possible to express conditional support." Her vote is due this week.

COPYRIGHT 1992 Hagedorn Publication
COPYRIGHT 2004 Gale Group

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here

Content provided in partnership with Thompson Gale