Mayor Bloomberg On Transportation Priorities
In case you thought it would be a good thing for the City to control transportation projects, there’s this — Hizzoner paying a little too much attention to the wrong parts of the Power Broker:
Bloomberg said Friday that a week or two ago, developer Jerry Speyer expressed concerns about whether the city would complete the 7 subway line extension critical to the $1 billion project.
“If I were you,” the mayor said he told Speyer, “I would make absolutely, positively sure that we are going to build that subway before I put one dime of my own money in.”
The MTA’s announcement Thursday night that it had canned the Tishman-Speyer deal came without warning to the mayor, City Hall insiders said.
. . .
Neither Bloomberg staffers nor Tishman-Speyer representatives would discuss the outcome of the hour-long talk at Bloomberg’s London apartment Friday.
“The plan isn’t dead by any means,” Bloomberg said before the sitdown. “All these things go though many cycles.
“The No. 7 line is going to get done,” the mayor added, “and it will be so far along before I leave office that nobody’s going to be able to stop it.”
Plans for the site include thousands of units of housing, commercial skyscrapers, a school and parkland.
Oh, well as long as there’s a park — and a school! — Robert Moses would smile, since he popularized the “get as far along as possible and make ’em take it back down” philosophy of urban planning (recently embraced by Bruce Ratner, among others).
Posted: May 10th, 2008 | Filed under: Follow The Money, Please, Make It Stop, Real Estate