City Spending Big Bucks at Willets Point: Everybody has a price including, apparently,…

madre sacudida 1 jul

Everybody has a price including, apparently, the owners of land at Willets Point where the city want to put up its hyper controversial $3 billion residential-retail-hotel-convention facility. Soooo, how is the city getting the land? The old fashioned way: paying through the nose for it. Example: It paid $3.5 million for a half-acre of land at nearly 10 times the assessed value. There are deals with 12 landowners. There are no deals with 60. The sale was called "a pretty good deal" for the seller. [NYP; Willets Point Coverage]For more stories from Curbed, go to curbed.com.

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