New Developments in the News
JUNE 15, 2009
Planning continues for High Line Park; New laws may jump-start construction at stalled sites
A number of possibilities are being discussed for the development of the elevated High Line Park, which opened this week with a section between Gansevoort and 20th Streets. The formation of a business improvement district is among the ideas being considered, though civic organizations like The Friends of the High Line Park–who raised $44 million for the project–continue to be cautious about access and other issues. Community organizations continue to promote permanent affordable housing, the creation of parking and cultural facilities and the preservation of the High Line as top priorities. The project's developers have included those items as well as the integration of office and residential space, creation of a public school and promoting sustainability as goals for the site's future.
The Mayor's office has announced new legislation that will allow developers to quickly restart stalled construction sites by agreeing to increased safety standards while construction is suspended. Developers participating in the new program would be allowed to renew building permits at stalled sites for up to four years as long as the program's safety requirements are met. Permits at stalled sites often expire, forcing developers to start the permit process from the beginning after new financing is secured, which delays construction and depresses economic activity.
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