NYC Council approves Willets Point plan for soccer stadium, affordable housing

The City Council, by a 47-1 vote, approved the final phase of the redevelopment plan slated for a 62-acre tract alongside Citi Field.

Artist rendering of the sprawling Willets Point development, with the anchor professional soccer stadium, dubbed The Cube, in the foreground.“Housing is the goal — and with today’s City Council vote, I’m proud to say that we just scored the goal of the decade,” Adams said in a statement. Queens Councilmember Shekar Krishnan cast the sole dissenting vote. He noted that the NYCFC’s majority owner, Sheikh Mansour, is “one of the wealthiest men on the planet” and that the redevelopment deal would allow the team to avoid paying property taxes.

City officials have rejected the IBO’s assessment, arguing that it didn’t take into account the $6.1 billion in projected economic activity or 14,200 construction jobs. However, members of CB7 overwhelmingly voted in favor of the project, as did Queens Borough President Donovan Richards. Many supporters have pointed to the city’s housing crisis as driving the need for the redevelopment plan.

Source: Real Estate Daily Report (realestatedailyreport.net)

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