Correction…

On Thursday, March 8, in a story titled The New York City Parking Boom, we incorrectly reported that New York City’s Economic Development Corporation is funding part of the $500 million Flushing Commons development project in Queens. The situation is actually a bit more nuanced. The EDC is facilitating the sale of city property to a developer but is not subsidizing the project directly.

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“Atlantic Yards” Public Hearing

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Wednesday, August 23, 2006, 4:30 p.m. to 8:30 p.m.New York City Technical College (Klitgord Auditorium)285 Jay Street, Brooklyn The New York State Urban Development Corporation, d/b/a Empire State Development Corporation (ESDC) in conjunction with the Metropolitan Transportation Authority (MTA), the City of New York, and affiliates of the Forest City Ratner Companies, including Atlantic Yards […]

Don’t Ask Seth Pinsky About NYCEDC Parking Development

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“The worst thing we could do is create projects that create a parking need and then not provide that parking.” That was Seth Pinsky, former head of the New York City Economic Development Corporation, in 2010. True to that philosophy, during his tenure NYCEDC incentivized and financed suburban-style parking in development projects in neighborhoods across the city, […]