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What the waterfront project threatens to do is destroy one of New York's few distinctive neighborhoods.
"No other waterfront project got far enough to take seriously before this one," he said.
Portland, Ore., $60 million of revenue bonds for the Urban Renewal Downtown Waterfront Project.
"These changes would have been needed even if the waterfront project wasn't built," he said.
A waterfront project for Ossining has been under discussion with various developers for more than three decades.
The 453-acre, $2 billion waterfront project, called the Point at Sayreville, would add 2,000 housing units on the former National Lead Industries site on Raritan Bay.
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Urban waterfront projects these days foretell a better quality of life.
Mr. Bloomberg has already inherited a plate full of waterfront projects.
Robert K. Steel, the deputy mayor for economic development, said that all the "waterfront projects together are a priority".
Like many of the major waterfront projects, the Extell development has been in the works for years.
Ipê's strength and alluring reddish brown color have made it popular for waterfront projects and home decks.
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