Waterfront Plans Shift Away from Residential, Commercial Redevelopment

October 19, 2010  |  

(Wall Street Journal) — For much of Mayor Bloomberg’s first two terms, the transformation of the industrial waterfront was a cornerstone of his economic development efforts, as the city cleared the way for apartment towers to sprout up on former warehouse and manufacturing sites.  But as his administration puts the finishing touches on an official long-term waterfront strategy plan this fall, there is a notable omission: new housing and commercial redevelopment. While it was a top goal of prior strategy documents, it’s barely mentioned in the new strategy. The emphasis instead lands on areas such as expanding the maritime industry, ferry service and public access.

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