FOR IMMEDIATE RELEASE PR- 448-12 November 27, 2012 STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON CITY COUNCIL'S VOTE TO BLOCK THE SALE OF 22 READE STREET “Today the City Council voted to reject the sale of 22 Reade Street as part of the City’s Civic Center Plan, which would have generated more than $100 million in savings, reduced the City’s real estate footprint in a bustling neighborhood, and included the only viable plan put forward to date to build a museum at 22 Reade Street to commemorate the African Burial Ground and its historic district. While today’s vote will enable other elements of the plan to go forward, 22 Reade Street—which needs more than $20 million in capital repairs just to remain usable in the near term—will continue to deteriorate rather than host a new museum and generate the considerable property tax revenue projected under the Civic Center plan.” MEDIA CONTACT: Marc La Vorgna/Evelyn Erskine (212) 788-2958 STAY CONNECTED Twitter YouTube Flickr |
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