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Article: NEW YORK: Far West Side Rezoning.
- Article from:
- The Bond Buyer
- Article date:
- November 29, 2004
- Author:
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New York City's Planning Commission last week approved Mayor Michael Bloomberg's proposal to rezone a 59-block neighborhood on the far West Side of Manhattan.
Bloomberg's redevelopment plan for the area calls for 26 million square feet of new commercial development, and the sale of $4 billion of notes and long-term bonds to finance infrastructure improvements, including the $1.8 billion extension of the No. 7 subway line.
The commission voted 10 to 1 in favor of the rezoning plan, sending it to the full City Council for final approval, which is expected in January. Council Speaker Gifford ...