Mayor Bloomberg released the long-awaited Willets Point redevelopment plan this afternoon. Developers Related Cos. and Sterling Equities Inc. will spend the next 15 years working on the new site of a massive shopping center, complete with a mall, movie theater and a hotel next to Citi Field. More housing is in the plan but details weren’t available.
What the mayor is referring to with “historic private investment” is $3 billion in private investment for the development and $100 million from the city for cleaning up 23 contaminated acres. We’ll for sure be keeping an eye on this one.
Image source: NYC EDC