FOR IMMEDIATE RELEASE
February 2, 2009
STATEMENT BY MAYOR BLOOMBERG ON THE LAUNCH OF PUBLIC REVIEW PROCESS FOR LOWER GRAND CONCOURSE REZONING
Department of City Planning Initiates the Seven-Month Uniform Land Use Review Procedure to Transform Underutilized 30-block Area of the South Bronx into Transit-rich Mixed-use Gateway
Affordable Housing, Waterfront Open Space and Zoning to Promote Grocery Stores are Key Features of Plan that is Part of the South Bronx Initiative
"As I underscored in my State of the City speech, it is critical that the City continue to lay the foundation for renewed economic growth by moving full steam ahead with our five borough economic development strategy. From Coney Island, which began public review just two weeks ago, to the Lower Grand Concourse, which is entering public review today, we are determined to strengthen our neighborhoods and provide housing, jobs and a brighter future for New York residents. As one of the key elements of our South Bronx Initiative, the Lower Concourse rezoning will promote the reuse of underutilized land and loft buildings to facilitate some 3,400 units of new and affordable housing as well as new retail in a transit-rich, mixed-use neighborhood, while leveraging private development to create continuous public waterfront access and open space along the Harlem River. Zoning provisions to encourage the development of neighborhood grocery stores will serve the expanding population. In addition, the first use of inclusionary zoning in the Bronx will offer incentives for creation or preservation of affordable housing.
Stu Loeser / Andrew Brent (212) 788-2958