Mayor Bloomberg announced that a 486,000 square foot center, dedicated to bioscience research, will be built at the Brooklyn Army Terminal in Sunset Park. The research center has received both city and state funds and is projected to generate 1,000 jobs. The first phase of the project is expected to be done by 2011.

In late September, the City Council passed a rezoning of 128 blocks of Sunset Park. Community advocates and residents supported a rezoning that preserved community character and helped protect the residential areas from new development. Though limiting height and bulk, manufacturing and industrial uses are still permitted.

128 blocks of Sunset Park was rezoned to protect current housing stock from overdevelopment. Councilwoman Melinda Katz (D-29) and Sara Gonzalez (D-38) stated that the rezoning would also boost the local economy by encouraging affordable housing development while promoting industrial use and local retail development.

Governor David Paterson and the Empire State Development awarded the Bush Terminal a 'Restore New York' grant of $10 million. This is the third round of such funding. The funds will be used to demolish, as well as reconstruct several buildings. The goal is to ultimately use the area for residential and commercial purposes in order to stimulate urban economic growth.

Mayor Bloomberg held a press conference Monday at Sunset Park’s South Brooklyn Marine Terminal to announce a $270 million “Sunset Park Waterfront Vision Plan”. The plan will modernize facilities along the waterfront in order to spur job creation and industrial development.

Mayor Bloomberg announced the City’s plan to heavily invest in Brooklyn’s industrial waterfront at Sunset Park with a Sunset Park Waterfront Vision Plan. More than $165 million will be invested in industrial space and jobs while creating 11,000 jobs.

Time Equities has decided not to pursue talks with the Brooklyn Economic Development Corporation to purchase and rehabilitate two government owned sites along the Brooklyn Waterfront, including the Bush Terminal buildings B and C. The developer was unable to devise an economically viable business plan to acquire and redevelop the buildings due to current market conditions.

Community Board 7’s Land Use and Zoning Committee unanimously voted to recommend the renewal of EJ Plastics’ lease on Unit D of the Bush Terminal complex to the full community board. The Bush Terminal is located in the Southwest Brooklyn Empire Zone and is adjacent to the Bush Terminal waterfront park. Jeremy Laufer, the committee’s director, said that the business is a good fit for Sunset Park’s...

Work still has not commenced on the Bush Terminal Piers Park, two years after the initial announcement of the project. Before construction can begin, a remediation stage will remove contaminants from the site. Last month representatives of the New York City Economic Development Corporation (NYCEDC) made a presentation to Community Board 7.

Twenty-three acres of dilapidated and polluted waterfront in the Sunset Park section of Brooklyn will be transformed into a new park thanks to the largest grant ever awarded by the state to clean up so-called brownfields.