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Willets Point uproar; Businesses claim city not serious about relocating them.(News)(New York City Economic Development Corp.)
Crain's New York Business
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December 3, 2007|
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COPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Byline: Hilary Potkewitz
Nearly six months after the city began talks with dozens of local business owners in Willets Point, Queens, about acquiring their land to make way for an ambitious redevelopment of the area, progress has been minimal.
Though the New York City Economic Development Corp. insists that it is doing "everything it possibly can'' to help owners relocate and to fairly compensate them, nearly a dozen of Willets Point's biggest businesses--which own nearly 60% of the land involved--are crying foul. They claim that the EDC is simply going ...
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