As planned, Jamestown Properties unveiled its plan to makeover Industry City with $1 billion of investments. The developer needs Mayor Bill de Blasio to create a "special innovation zoning district," as the current zoning does not allow for retail or academic uses, both of which Jamestown has planned. Industry City's CEO said, "It will take 30 years to get to all the buildings. So with a rezoning, and with the parking and with the public infrastructure, we can drive this investment over the next 12 years." [Crain's; previously]
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