"The Housing Authority, which manages nearly 200,000 subsidized apartments in New York City, has plans to plug its $195 million budget gap by selling off development rights that are available at dozens of its affordable housing sites all over Manhattan, according to a report released by the office of the Manhattan borough president, Scott Stringer." How much height could be up for grabs here? Oh, just the equivalent of 11 Empire State Buildings. Developers, start shaking out those couch cushions! [Sun]
Filed under:
Loading comments...