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Long Island City News
LIC Retail Continues to Grow
LIC Development Profiled in NY1 TV News
CB Richard Ellis Opens New Frontier With LIC Office
New Housing Approved in Dutch Kills
NY Post Spotlight on LIC
Floating Hospital Renovated in Queens
NYCEDC Issues RFQ for Potential Developers for Willets Point District
Breaking Ground at Year End 2009. $222 Million in NYC Budget + $92 Million for Hunters Point South Housing Subsidies
Rendering: Arial View of Hunters Point South from the East River
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Long Island City, NY March, 25, 2009 - While addressing a gathering of business and community leaders, gathered at a meeting of Long Island City Business Development Corporation, Seth Pinsky, President, New York City Economic Development Corporation, discussed a NYC plan to implement a three part "WORK" strategy to stimulate the economy.
- Making Government WORK more efficiently and effectively
- Creating WORK Opportunities for New Yorkers
- Investment in Public WORKS infrastructure
Pinsky also announced that NYC was about to close on the Hunters Point South project and had $220 million in the capital budget plus $92 million in housing subsidies. The City recently purchased the property from The Port Authority of New York and New Jersey. Expecting development to take 10 years, it intends to break ground at the end of 2009. Additional projects presented included Gotham Center, Queens Plaza, Jackson Avenue, and Willet's Point
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