New York City – Mayor Bloomberg announced today the city’s $100 million acquisition of 30 acres of Queens waterfront.
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The site — acquired from the Empire State Development Corporation and the Port Authority — is located at Hunter’s Point South in Long Island City.
The largely vacant plot of land will accommodate 5,000 new units of housing — 60 percent of which will be reserved for moderate- and middle-income families, said Bloomberg.
“Creating jobs and affordable housing for the city’s middle income families is a critical component of our ‘Five Borough Economic Opportunity Plan’ and today’s announcement allow us to make great progress on both those fronts,” said Bloomberg.
He also said the project sets “the stage for the largest investment in permanently affordable housing for our police officers, nurses, teachers and public employees and other middle income New Yorkers.”
Too late to little. Let him cut taxes, fees and all other mishagasen.