As Bloomberg's ambitious plan to rezone Midtown East, which would allow taller, denser office buildings between 39th and 57th streets east of Madison, skedaddles through its two-month-long public review process, a new critic has emerged. That would be Andrew Penson, the owner of Grand Central Terminal, who doesn't think charging new building developers $250 per square foot of air rights is nearly enough?that cuts down his profits, after all?and has tapped a high-profile attorney should he have to make his case in court. Penson gripes: "If this is going to be the best space in the best new buildings, shouldn't it be priced accordingly?" Hold your horses, folks; the area hasn't even been rezoned yet. [Crain's; previously]
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