FOR IMMEDIATE RELEASE
Mayoral Press Release #394-01
Wednesday, December 12, 2001
Matthew Higgins / Sid Dinsay -- (212) 788-2958
Public Affairs Officer (DCP): (212) 720-3471
UNVEILS PLAN FOR
DEVELOPMENT OF FAR WEST SIDE IN MANHATTAN
Presents a Revitalized West Side as an Opportunity to
Expand the Central Business District
Mayor Rudolph W. Giuliani and Department of City Planning
(DCP) Director Joseph Rose today announced the completion
of a study titled "Far
West Midtown: A Framework for Development."
The report presents a comprehensive plan for the revitalization
of a critical but long-neglected area of Manhattan,
calling for zoning changes, investments in infrastructure,
open space and urban design guidelines, and a financing
strategy for the plan's implementation.
Mayor Giuliani said, "For decades this area has
remained economically stagnant, despite being bordered
by some of Manhattan's most vibrant neighborhoods, namely
Midtown, Chelsea and Clinton. This study, undertaken
long before the tragic events of September 11th, has
now taken on more significance. 'Far
West Midtown' effectively demonstrates how City
businesses and residents will benefit from the redevelopment
of this long-overlooked neighborhood."
Rose said, "This plan anticipates the continued
growth of an efficient and dynamic City of unparalleled
prosperity. It will take time and perseverance to carry
out, but we must remember that earlier generations were
able to carry out such plans, and we can as well."
Mayor Tony Coles said, "I congratulate the Department
of City Planning for doing an excellent job of presenting
a vision so crucial to the City's economic future."
purposes of this report, "Far West Midtown"
is bordered by 8th Avenue and the Hudson River east
to west; and West 42nd Street to West 24th Street north
to south. The study designates six distinct areas within
those borders, allowing for commercial use, open space,
and a potential expansion of the Jacob Javits Convention
The plan also envisions the development of up to 40
million square feet of new office and retail space,
sports and entertainment facilities, and much-needed
hotel space. Opportunities for additional housing and
access to the waterfront are also laid out.
area is where the City's central business district can
expand without intruding on densely built-up residential
communities. Together, with the reconstruction of Lower
Manhattan, Far West Midtown can accommodate job expansion
in the City's economy over the next 20 years.
The key to this expansion, as the Mayor called for in
his 1999 State of the City Address, is the extension
of the #7 subway line to the Far West Side, ensuring
that new development connects with the City and region's
transportation network. The plan is also consistent
with both New York City's bid for the 2012 Olympic Games,
and the New York Jets' proposal for a football stadium,
although the plan is not contingent on the successful
outcomes of these possibilities.
Far West Midtown plan is designed to pay for itself.
It anticipates that infrastructure improvements will
be financed and built as redevelopment proceeds and
proposes financing mechanisms, including a system of
tax-based initiatives and zoning bonuses whereby the
value of new development would fund infrastructure investments,
without competing for funding with existing public capital
issuing of this report is a critical step in enabling
the Metropolitan Transportation Authority (MTA) to proceed
with the extension of the #7 subway line. The City and
the MTA have agreed to coordinate their planning efforts,
a major step in the implementation of this plan. Construction
on critical elements of the plan could be completed
within a decade.
The study was authored by the New York City Department
of City Planning and was funded by a matching grant
from the Federal Highway Administration.
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