Want to know what Mike Bloomberg has in mind for New York for the next four years, should he be elected to a third term? Well, here you go. You're gonna love it!
New York City Economic Development Corporation (NYCEDC) has unveiled its Recover NYC Program, which will basically hand over those parts of the city that haven't yet been raped by overbuilding to big-money developers in sweetheart deals. The program will provide "financial assistance to private-sector for-profit companies seeking lower-cost financing for shovel-ready construction projects. Available assistance is mainly in the form of access to triple tax-exempt bond financing authorized under the American Recovery and Reinvestment Act of 2009." This was announced June 10.
Bloomberg, the man who's supposedly going to get us through this economic crisis, is still a one-trick pony when it comes to ideas. Pressed to think of new ways to generate employment and industry, he can only think of the same one he leaned on heavily during his first two, disastrous terms: unheeded development. And he wants to use Federal Stimulus money to do it, made available through the American Recovery and Reinvestment Act (ARRA).
Let's read more: "Private sector, for profit companies with projects located in NYC Recovery Zones seeking to acquire, construct, renovate or equip facilities within New York City that will result in a positive economic impact. Commercial, industrial, manufacturing and retail projects requiring between $20 million and $100 million are all eligible to apply for consideration."
Whoa. Wait a minute. "NYC Recovery Zones." What's that? Well, it's almost none of Manhattan (which Bloomie thinks is just fine as is, except for the northern third, and Chinatown, where all those minorities live; he likes most of Staten Island, too), and almost all of Brooklyn, Queens and The Bronx, which, in Mike's eyes, are junkheap, slum boroughs in desperate need of crappy housing complexes. Big surprise there: Bloomberg has never given a damn about the outer boroughs. Just rip 'em up, boys!
You can see the map for Queens above. The orange parts are open season for developers. The Brooklyn and Bronx maps are even more orangey. Brooklyn neighborhoods that are considered almost completely "distressed": Greenpoint, Bed-Stuy, Flatbush, Williamsburg, Red Hook, Kensington, Borough Park, Ditmas Park, Sunset Park, Coney Island, Gravesend. (Bay Ridge, Dyker Heights, Park Slope, Carroll Gardens: you're safe)
As for The Bronx, all of it is pretty fucked-up in City Hall's opinion, except for City Island, Stuyten Duyvil and Riverdale.
This is a rush job, by the way (so the community doesn't get in the way, you see). The first round of applications is due on July 13. "Staff will evaluate applications received and selected respondents will be required to submit all additional application materials by July 25. Respondents with the most favorable and complete applications will commence the public review process and be presented for Board approval in the fall. A second round of applications will be accepted on October 12, 2009 for Board presentation of successful applications anticipated in December."
So he can ram it all through even if he DOESN'T get elected.