TESTIMONY
Maddie DeCerbo, Representative from the Real Estate Board of New York, on Support for the City of Yes for Economic Opportunity Initiative
4:32:52
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137 sec
Maddie DeCerbo, representing the Real Estate Board of New York, testifies in strong support of the City of Yes for Economic Opportunity initiative to modernize zoning regulations and provide greater flexibility for businesses to grow and expand in New York City.
- DeCerbo highlights the work of the Real Estate Board's zoning design committee in identifying key areas for further consideration in the initiative, including life sciences provisions, streetscape regulations, and vesting provisions.
- She commends the City Planning Commission for modifying proposed ground floor frontage requirements in response to concerns, allowing for greater building design flexibility in line with the initiative's goals.
- DeCerbo urges the City Council to adopt the proposal as modified, emphasizing that it will provide greater clarity for businesses and ensure a smooth transition with the sweeping changes to the zoning resolution.
- She underscores that the Real Estate Board of New York firmly believes the zoning changes are an important effort to support economic development in the city.
Maddie DeCerbo
4:32:52
Hi.
4:32:52
I'm Maddie DeCerbo.
4:32:53
I'm representing the Real Estate Board of New York.
4:32:55
Revenue is the city's leading real estate Trade Association representing commercial, residential, and institutional property owners, builders, managers, investors, brokers, salespeople, and other organizations individuals active in the New York City real estate.
4:33:09
Revenue is pleased to testify in support of city of Yas for economic opportunity.
4:33:14
We strongly support the goals of economic opportunity to make it easier for businesses to grow and locate throughout New York City by providing increased flexibility in our zoning regulations.
4:33:23
The consolidation and reorganization of use groups is among several common tense changes proposed in the text, which will modernize the zoning resolution, and provide simpler and clearer roles for businesses, just businesses that you like to follow.
4:33:38
This is not an easy undertaking, and the department should be commended.
4:33:41
Beginning prior to referral of the text for public review, our zoning design committee comprised of the city's top land use attorneys practitioners, architects, engineers, and development firms with decades of experience in zoning matters did flag 3 key areas for further work in consideration.
4:33:57
The provisions governing life sciences, the proposed streetscape regulations, and the need for vesting provisions.
4:34:04
We appreciate the diligent work of the department staff to address SEC's concerns.
4:34:08
As drafted in the referral text, the reposed the proposal imposed new ground floor restrictions and requirements for to vast west of the city These regulations would make it more difficult to plan and program new buildings and run counter to the stated goals of the tax amendment.
4:34:24
Fortunately, the modifications adopted by the city planning commission reduced these proposed owner's requirements, so they only apply to 50% of the ground floor frontage align for greater flexibility in building design.
4:34:37
The city stated goals for economic opportunity initiative highlight the importance of flexibility in our zoning regulations.
4:34:43
Revenue supports zoning for economic opportunity as an important effort to modernize the zoning resolution provide greater clarity for businesses to grow and expand.
4:34:52
The modifications adopted by city planning commission are appropriate and worked on during the public review process now ensures that the proper investing provisions are in place to ensure a smooth transition with such sweeping changes to the zoning resolution.
4:35:04
We encourage City Council to adopt this proposal as modified.
4:35:08
Thank you.