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Showing posts with label extell. Show all posts
Showing posts with label extell. Show all posts

Friday, 30 August 2013

Will the real Bill DeBlasio please stand up?

Posted on 21:23 by Unknown
From The Daily Beast:

In 2004 de Blasio was a paid adviser to John Edwards’s presidential campaign. And in this year’s mayoral race, his rhetoric about “a tale of two cities”—a line he has used to critique growing income inequality—has echoed Edwards’s rhetoric from 2004 about the “two Americas.” Yet while serving on the City Council, he frequently found himself on the wrong side of progressives in his district (admittedly not hard in ultraliberal Park Slope) and was sometimes blasted for favoring developers and real-estate interests over community concerns about congestion and quality of life.

For example, he sided with a developer in opposing the designation of the Gowanus Canal as a Superfund site—even as nearby residents said that the city was ill equipped to carry out the cleanup on its own. He pushed to allow luxury housing in Brooklyn Bridge Park. And he was one of the primary backers of the controversial redevelopment of Atlantic Yards into a basketball arena for the Brooklyn Nets—a nearly decade-long fight that pitted local residents against powerful real-estate interests.

De Blasio’s most important maneuver has been to capitalize on liberal frustration with Mayor Mike Bloomberg.

“He said that it was necessary to stop the tide of gentrification, but everyone knows this was the most gentrifying thing to ever happen to Brooklyn,” says Lucy Koteen, a local political activist who backs current City Comptroller John Liu. “He is not wrong about the ‘tale of two cities.’ But look at his record. Did he help level the playing field, or is he on the side of developers who have gotten rich displacing people?”


From the NY Post:

The City Planning Commission rep appointed by Public Advocate Bill de Blasio — a critic of big developers — voted with the administration 93 percent of the time, records show.

One of those votes was to approve Extell’s West Side tower that includes a “poor door” separating subsidized tenants from those paying market rents.

A de Blasio spokesman said the rep actually fought “the poor door,” but Extell found a way around her objection.

De Blasio’s rep has voted in favor of 554 out of 595 projects since 2010.


Capital New York has a good wrap-up of his development stances in the past.
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Posted in Atlantic Yards, Bill DeBlasio, Brooklyn Bridge Park, city planning commission, developers, extell, Gowanus Canal, luxury condos, superfund | No comments

Monday, 19 August 2013

Second class citizens?

Posted on 21:15 by Unknown
From the Village Voice:

Dear big developers: Not every tax break is worth a bad headline. Extell Development Company is building a 274-unit luxury condo building in the Upper West Side, with plans to put in a separate door for people living in its planned below-market-rate units. The reason? It's a workaround enabled by the city's Inclusionary Housing law to help Extel collect on some major tax breaks and building allowances. Local residents are upset and have gotten their elected officials to jump into the ring.

Of the 274 units in the building, 55 will be below-market-rate housing, meaning only those earning less than 60 percent of the neighborhood's median income will be eligible for leases. That's about $51,000 for a family of four for the Upper West Side--about the same as the median income for the city as a whole.

The building's affordable units would occupy floors two through six, attached to the building but legally as a separate entity. That separate entity allows Extell to cash in millions in affordances for technically having an entire building devoted to affordable housing. To add insult to injury, zoning law requires that a separate building have a separate entrance.

Neighbors are crying wolf when it comes to Extell's blueprints, accusing the developer of demeaning potential tenants with the second entrance.
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Posted in affordable housing, discrimination, extell, tax credit, upper west side | No comments

Thursday, 15 August 2013

He's such a reformer...

Posted on 21:21 by Unknown
From the Daily News:

The deep-pocketed real estate investors who own a landmark former stock exchange building in lower Manhattan lavished Gov. Cuomo with $76,000 in campaign donations just weeks before Cuomo approved a lucrative tax break for their property.

Three partners at Fisher Brothers, which owns the historic New York Curb Exchange at 86 Trinity Place, each cut $25,000 checks to Cuomo on Dec. 27. One exec kicked in an additional $1,000 on Jan. 11, and Cuomo okayed the tax breaks Jan. 30. Fisher plans a high-rise residential tower at the site.

The contributions from the Fisher Brothers execs are just the latest to emerge in the controversy over five Manhattan properties that were singled out for tax breaks in a January bill. The Daily News reported last week that one of the other beneficiaries, Extell Development Co., gave $100,000 to Cuomo days before he signed the bill.

The breaks mean $35 million in tax relief over 10 years for Extell’s planned One57 luxury apartment tower on W. 57th St.

Extell President Gary Barnett also donated $100,000 three weeks after the bill was signed to a state Democratic Party account that Cuomo was using to pay for ads pushing his agenda.

An anti-corruption commission created by Cuomo has subpoenaed the five companies.
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Posted in Andrew Cuomo, campaign contributions, developers, ethics, extell, fisher brothers, tax credit | No comments

Saturday, 10 August 2013

Do as he says, not as he does

Posted on 21:30 by Unknown
From the Daily News:

A top development company donated $100,000 to Gov. Cuomo just days before he signed a bill that quietly showered the firm with lucrative tax breaks.

Two corporations tied to Extell Development each contributed $50,000 to Cuomo’s campaign, which recorded the checks on Jan. 28 — the same day the Assembly passed a housing bill that contained tax breaks for five developers, including Extell, records show.

Cuomo signed the legislation two days later.

The twin $50,000 donations were made by Elco Master LLC and 134 W 58 LLC. Each listed the same Louisville, Ky., address of Extell Financial Services, which is part of Extell Development. It was the first time either company contributed to Cuomo, state records show.

And less than three weeks after the bill became law, Extell President Gary Barnett donated $100,000 to a state Democratic Party account that Cuomo was tapping to finance ads pushing his agenda. Records dating to 1999 show it was the only time he gave to the state party.
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Posted in Andrew Cuomo, campaign contributions, developers, extell, tax credit | No comments
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Blog Archive

  • ▼  2013 (500)
    • ▼  September (54)
      • Queens Gazette cries a river for troubled medical ...
      • Parolee responsible for car break-in spree
      • Seeking uses for vacant Far Rockaway land
      • Shafran not conceding to Vallone
      • Underground dining becoming more popular
      • Remembering the fallen of 9/11
      • Inside the 9/11 Museum
      • 2013 Primary election results
      • Lever machines busted across borough
      • GOP war gets down and dirty
      • Avella & civic leaders rally against BSA application
      • Thinking of voting for Quinn & Stringer? Think ag...
      • All thanks to Everly Brown
      • 19th CD parishioner lists given to pro-Vallone PAC
      • Have fun in the voting booth tomorrow!
      • Homeless cause havoc in Briarwood
      • CUNY mural saved by...Joe Lhota?
      • Who's protecting Tommy Huang?
      • Is this the skinniest house in Queens?
      • City can't find anyone to build LIC library
      • Will someone please turn on the lights?
      • Trash piled high and deep outside Queens schools
      • Greenpoint residents suing city and developer
      • DeBlasio would be Bloomberg 2.0
      • Here's the latest article about how LIC is "up and...
      • The burden is on Amanda to push through last-minut...
      • A guide to pandering
      • Developers pushing for faster ride to LGA
      • LPC to hold hearing on aluminum house
      • Just when you thought they couldn't stoop any lowe...
      • Comrie concerned about Cosmos
      • Candidates want to be anybody but Bloomberg
      • Potential safety problem identified in Rockaway
      • Kiss the South Street Seaport goodbye
      • Everything old is new again
      • Corona Plaza to actually become a plaza
      • Some want Forest Park to have its own precinct
      • LIC loses more character
      • No one has the guts to clean up the entrails
      • History of the Unisphere
      • Brand new library in Glen Oaks
      • Avella denounces Vallone mailer
      • Lopez could represent Ridgewood on Council
      • State pols make a mint
      • Lots of outside money in council and mayoral races
      • At Forest Park, safety continues to be a joke
      • Someone took "Stars and Stripes Forever" a little ...
      • Paul Vallone's many faux pas on citywide TV
      • When city-installed street furniture blocks the si...
      • How does the Machine screw over Willets Point? Le...
      • Quinn not forgiven for extending term limits
      • DeBlasio tried to help slumlord in return for camp...
      • MTA Police are rolling in dough
      • Senior housing facility opens at former Fineson Ce...
    • ►  August (149)
    • ►  July (155)
    • ►  June (142)
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