The $100M air rights sale that could have saved the crumbling Pier 40 was thisclose to actually happening. New documents reveal that the plan had the approval of the Bloomberg administration and was signed by the Hudson River Park Trust. The rights would have gone to Atlas Capital Group, owner of the St. John's Terminal, and the deal would have required changing the area's zoning laws. But it ultimately fell apart, and they are now going through ULURP. An air rights sale could still be in the future. [Crain's; previously]
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