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Originally Posted by heep223
Really not sure what your point is here. You're saying if the city cleans up other contaminated sites that are less expensive, it will make the W Village cleanup more tolerable for private developers? I must be misinterpreting.
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Not exactly. I'm saying that the City can prepare other lands for development at less or virtually no cost. By reducing the amount of brown/greyfield sites left for redevelopment the sites that remain increase in value. Consequently, the landowner can then devote some or all of that increased value to the cost of remediation thereby reducing the amount required from the City.
Quote:
Originally Posted by heep223
The West Village needs to get developed and yes it's a priority, particularly now that East Village is finishing. There's already a plan for it. It won't get developed privately because the economics make no sense - needs to be a partnership.
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Is it really a need? Are there no other large areas or numerous sites that have great redevelopment potential?