Community District
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Bronx CD04 Projects
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Bronx Community District 04
1650 Selwyn Avenue, #11A
Bronx, NY 10457
Phone: 718.299.0800
Fax: 718.294.7870
Email: brxcb4@optonline.net
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Gateway Center at Bronx Terminal Market
The $500 million Gateway Center at the Bronx Terminal Market – one of the largest private sector investments ever in the Bronx – will redevelop a portion of the current Bronx Terminal Market site along with the Bronx House of Detention. The development will include retail and restaurant space as well as restore public access to the Harlem River. The developer plans to incorporate environmentally-friendly design concepts into the construction of the new facility. Proponents of the proposal hope that the development will beautify and revitalize the area, ultimately encouraging other businesses to invest in the community.
Some local residents, however, are concerned about how much of the tax revenue will be used to support the local area, and whether the new retail options will be accessible to the poor in the area. Proponents of the plan counter that the development will provide thousands of jobs – about 2,900 construction jobs and 2,100 permanent retail jobs. The City Council, Community Board, and the Bronx Borough President are supportive of the plan. The City Council approved the plan in March 2006, construction began August 14th, 2006, and completion is expected in the fall of 2009.
Recent headlines
Economic Turnaround in Bronx Real Estate Market
January 23, 2007
New York Daily News
2006: A Year of Development in the Bronx
December 22, 2006
NY1
Green Building Good for Development, Says Bronx
November 17, 2006
New York Daily News
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1998 NYC IBO Baseball Stadium Report
Interactive Map of Yankee Stadium Plan
Yankee Stadium Construction
On June 15, 2005, the Yankees announced their plans for a new 53,000 seat stadium, with a planned completion in April 2009. The City Council has approved both the construction and financing of the new stadium. The New York City Industrial Development Agency (IDA) has approved the issuance of tax-exempt bonds to finance the parking facilities at the Stadium and New York State’s Empire State Development Corporation is also contributing to the construction of parking facilities for the new stadium.
As part of the deal to approve the stadium, New York City agreed to replace the parkland used for the new development. A new commuter train station, jointly financed by the City and the MTA, and an expanded ferry terminal also are part of the new stadium site. There is also a plan to build a high school for sports careers across the street from the new stadium.
Many local community members are concerned about the traffic and environmental impacts of the project. They contend that the project will encourage even more drivers to come to the neighborhood, a problem that could be exacerbated by the Mayor’s congestion pricing proposal. In addition, many are concerned about the large amounts of public money that is being used to help finance the project.
Recent headlines
Mets May Need Additional Public Financing As Well
July 3, 2008
Newsday.com
Major Projects on Hold As Cement Truck Drivers Strike
July 2, 2008
New York Times
Public Financing for Stadiums Topic of Assembly Hearing
July 2, 2008
NY1