City Comptroller Bill Thompson this morning endorsed construction of planned mega-projects, including Willets Point, as a means to "prime the economy."
As the debate over term limits rages on (Mr. Thompson is opposed to extending term limits and said he plans to mount a mayoral bid regardless), Mr. Thompson turned his attention to the financial crisis at a Crain's breakfast forum this morning. His broad, three-pronged solution for the local economy: tighten budgets, spur economic development and diversify the economy.
In the speech, according to prepared remarks, he took a tangent to endorse the city's plan to redevelop the 61-acre industrial zone of Willets Point in Queens (the Council must vote on the contentious proposal by Nov. 18), though he said that affordable housing and business relocation issues must be addressed. read more »