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PRESENTATION
Project benefits and importance of Western Rail Yard development
0:37:43
·
81 sec
The presentation emphasizes the significant benefits and importance of the Western Rail Yard development project. It highlights the transformative impact on the area and the consequences of not approving the ULURP application.
- Over $2 billion in benefits to the MTA.
- Creation of over 30,000 construction jobs during development.
- Up to 4,000 units of new housing, including affordable housing.
- 5.6-acre green space, K-8 public school, community facilities, and daycare.
- The project is presented as the only viable path to develop the Western Rail Yards, as the 2009 plan is no longer financially feasible.
- Emphasis on the separate nature of the gaming license process, which is not part of this ULURP application.
Jeff Blau
0:37:43
Next slide, please.
0:37:45
Just to reiterate the opportunity here, approval of a ULURP is the only path to develop the Western Rail Yards.
0:37:53
Without these zoning changes, the site will remain undeveloped.
0:37:58
The 02/2009 plan is not financially viable and cannot be built.
0:38:03
We need updated zoning approvals to move forward with any development on the Hudson Yards West.
0:38:09
The ULURP, this ULURP, is not about the gaming license.
0:38:13
That is a separate state process yet to begin.
0:38:16
Next slide, please.
0:38:18
The benefits to this project are robust.
0:38:21
There are over $2,000,000,000 in benefits to the MTA, over 30,000 construction jobs during development, now up to 4,000 units of new housing on-site, including affordable housing, a 5.6 acre green space, a k through eight public school, community facilities, and day care.
0:38:39
Next slide, please.
0:38:42
So the choice is stark.
0:38:44
There's an opportunity today to enable 4,000 new apartments, tens of thousands of jobs, large scale open space, and funding for the MTA, or Hudson Yards West, will remain what it is today, a hole in the ground with parking trains.
0:38:59
Next slide.
0:39:01
Let's finish the yards.
0:39:03
Thank you.