The city and the state are now proposing the creation of a special zoning district that would allow the developers to transfer more than 6.3 million square feet of development rights across a 20-block area surrounding Penn Station.
The air rights that would allow the developers to transfer unused height authorizations from other buildings had been bought from their owners.
It works like this: State governments award credits to affordable-housing developers, who transfer them to corporations in exchange for equity in rental buildings whose units are set aside for low-income tenants.
Google today launched Online Cloud Import, a tool that makes it easier for developers to transfer their data from AWS's S3 storage service and other HTTP/HTTPS servers to its own Google Cloud Storage.
Google today launched Online Cloud Import, a tool that makes it easier for developers to transfer their data from AWS's S3 storage service and other HTTP/HTTPS servers to its own Google Cloud Storage.
But contact information exchange is only the beginning for the startup: The company is working to become cross platform with support for a variety of smartphones, and will also open an API/Platform "Powered by Bump" that allows developers to transfer other types of data.
Land developers can transfer tax credits from property to property, like an NFL team booting a fumbled ball toward the goal line, until time runs out or the market crashes.
The Council allowed the developers to transfer 15 storeys worth of plot ratio from the landscaped park at the corner of William and Hay streets, and gave bonuses of 10 storeys for actually building the park and 4 storeys for the public space and the quality of the development.
The group fought to make a sizable percentage of the Rheingold Brewery development affordable, as well as to get the developer to transfer six lots to nonprofit groups for low-income housing, said Brigette Blood, a founding member of the group and an 11-year Bushwick resident.
Instead, the SEC found that the developers improperly transferred $20.5 million of investor funds for various undisclosed and improper purposes, including funding purchases with respect to two unrelated real estate projects.
