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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE
Press Release # 028-05
Wednesday, January 19, 2005

Contact: Edward Skyler / Jennifer Falk (212) 788-2958


MAYOR MICHAEL R. BLOOMBERG HAILS THE ADOPTION BY THE CITY COUNCIL OF THE HISTORIC HUDSON YARDS REZONING

"Our economic development strategy is about creating jobs and investing in communities across the City. Today, we can begin to realize our vision for New York City's future with the adoption of a comprehensive plan to turn a long-dormant Hudson Yards area into a vibrant, transit-accessible, 24/7 commercial and residential neighborhood. This is an enormous win for New Yorkers in all five boroughs and is expected to generate more than 230,000 permanent jobs and almost 220,000 construction jobs. It will also help us to grow the City's economy with more than $60 billion in new City and State tax revenues over the next 30 years that will pay for much-needed city services like public safety and education. And the adoption of the Hudson Yards plan will allow us to expand one of the most successful affordable housing programs in the nation with the most aggressive inclusionary housing programs. Along with the expansion of the Javits Center and the New York Sports & Convention Center, which we hope will be approved next month, the Hudson Yards Redevelopment Plan will provide immeasurable benefits for generations of New Yorkers to come.

"I applaud the City Council leadership, in particular Speaker Miller and Council Members Quinn, Katz and Avella, who have worked with the Administration to support and enhance this plan, and I thank the many City agencies led by the Departments of City Planning and Housing Preservation & Development, under the visionary direction of Deputy Mayor for Economic Development & Rebuilding Dan Doctoroff, for their countless hours of hard work and their tireless commitment to this project."

 




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