“the mayor’s commitment to hitting numerical goals {in affordable housing} has created a potential difficulty for city negotiators in their dealings with developers, who are aware of the targets. For some housing experts, the situation was akin to an apple vendor advertising to customers: Must sell out by the end of the day; make me an offer”
You want to know why a big developer like TF Cornerstone gets a seemingly great deal on city-owned land such as Water’s Edge? Or why the Anable Basin Rezoning includes an audacious 5,000 units, and 70-story tower? The quote above from The New York Times this week is your answer in a nutshell. It’s also the reason that [Read more…] about BEING PLAYED LIKE A FIDDLE WITH LIC IN THE MIDDLE