CityRealty Insider > New Developments in the News

New Developments in the News

FEBRUARY 23, 2009

The city announces its aim to side with the angels to help resurrect its financial services sector; A report on the possible future of the CPW skyline freaks the community board

The city has announced 11 initiatives intended to shore up a hard-hit financial services sector and encourage growth as a global center for business innovation and entrepreneurship. According to Mayor Bloomberg, "New York City's greatest strength has always been and will continue to be the innovation, drive and work ethic of New Yorkers." Among the initiatives are: to grow the city's venture capital sector; to create several funds totaling between $9 and $10 million to make angel investments; an annual business plan competition, and to create and manage a website that will provide resources to help entrepreneurs.

The firm of Weisz & Yoes Architecture has issued a report suggesting that the city consider "landmarks guidelines," when making plans for the 62nd to 96th Street section of the iconic cityscape overlooking Central Park's western edge. After identifying 10 sites that ,"if developed as aggressively as possible," could "transform" the skyline, the study suggested a need to "establish a long-range vision for the future of Central Park West," whose "distinctive, undulating high-rise/low-rise silhouette defines New York City as resonantly as the Chrysler Building."

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