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NYC Planning Director: City Won't Use Eminent Domain To Acquire Property In Redevelopment

NEW YORK (CBSNewYork/AP) - New York City Mayor Bill de Blasio's ambitious redevelopment plans won't involve the use of eminent domain to acquire property, Planning Director Carl Weisbrod said Tuesday.

The mayor's planning priorities include building more affordable housing and rezoning a five-block stretch of midtown Manhattan adjacent to Grand Central Terminal.

"I don't see us using eminent domain in a broad way,'' Weisbrod told a real estate conference hosted by Crain's New York Business. "I don't believe that it's going to be in our toolbox.''

Developer Forest City Ratner's use of eminent domain to build Barclays Center and the development now known as Pacific Park stirred wide opposition in Brooklyn.

De Blasio's affordable housing plan will require developers to set aside affordable units, rather than making such below-market set-asides voluntary. He said he could not pinpoint the percentage that developers will have to allocate for low-and moderate-income New Yorkers.

"Not yet, we're working on it,'' he said.

Weisbrod said developers of a proposed 1,500-foot office tower to be called One Vanderbilt Plaza next to Grand Central will provide $210 million worth of transportation upgrades.

He said the administration is trying to strike a balance between the need for affordable housing and the needs of builders.

"We recognize that if we are overly aggressive we're not going to see any housing,'' he said. "If we're not aggressive enough we're not going to get the benefit of our bargaining.''

 (TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


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