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Doubts On Willets Plan Amid Economic Worries
by Colin Gustafson, Assistant Managing Editor
01/31/2008
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   With housing markets declining and the mayor facing a multibillion-dollar deficit, critics of the city’s plan to build thousands of new shops and housing units in Willets Point are renewing their objections on grounds that the plan may not be economically feasible.
   First announced by Mayor Michael Bloomberg in May, the project calls for 1.7 million square feet of new retail space; 500,000 square feet of office space; a hotel; 5,500 residential units; a school; and a convention center in the 60-acre industrial area.

   Supporters say the project will create an estimated 20,000 temporary construction jobs and 5,000 longer-term positions, while sending more than $4 billion to the city over the next three decades, mostly in the form of revenues from property taxes.
   But now, many Willets Points business owners who stand to be displaced by such a massive redevelopment project are casting doubt on whether the plan is even sustainable amid projected economic troubles.
   “Is it wise to be shutting down a thriving business district when our economy is declining so quickly?” asked Terry Paterno, a spokeswoman for the Willets Point-based Paterno Construction Company at a town hall forum in East Elmhurst on Tuesday.
   “It’s no secret that our city and our borough are entering difficult times, and this project runs the risk of never happening ... (or) leaving behind vacant buildings.”
   However, city officials contend that even amid economic uncertainty, large-scale development projects will be needed to generate jobs and housing in the future to accommodate the projected one million new residents living in New York City — including 340,000 people in Queens — by 2030.
   “While the economy may be in a period of flux today, this project is critical to the ongoing and future growth of northeast Queens,” said Tom McKnight, EDC’s senior vice president, who is overseeing the Willets Point redevelopment project.
   “Queens is one of the fastest growing counties in the country ... and it’s critical that we continue to create residential and commercial opportunities.”
   Still, many of the affected owners insist the best way to sustain future growth is to support the existing businesses and upgrade the inadequate infrastructure, rather than supplant everything for a new community.
   “We don’t need a whole new neighborhood here,” said Jerry Antonacci, owner of the Crown Containers carting company.“We just need to fix the one that’s here.”


©Queens Chronicle 2009

Reader Comments
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Added: Sunday February 03, 2008 at 01:00 PM EST
I strongly believe that the plan to create new retail space; a 500,000 square feet of office space; a hotel; 5,500 residential units; a school; and a convention center in the 60-acre industrial area should go forward. With the new stadium, new parking garage that is being erected we do not need to have those unsightly repair shops right opposite the stadium. We will have lots of tourists visiting so the hotel will be profitable and think about if we host the Olympics int he future we need to start now doing something about this. Imagine how nice it will be to have these modern buildings at Willets Points. This project will create lots of jobs more than what is there now. It will generate lots of income for the city as well because whenever there is a game, people can just walk across, shop. eat, look at a movie. the idea for a shcool is a great one as well. We can offer adult education bringing older residents up-to-date with modern technology. I will be devastated if this plan does not go through. The repair shops can be relocated somewhere else that is not in such a great location. We all have to adapt to changes and the repair shop owners will have to adjust. We cannot please everyone but look to the future. Think about it only people with cars will benefit from those businesses but what is planned will benefit everybody, tourists, the city, chidlren and adults. We are in a flux right now due the a recession but this is only temporary, we should overlook the recession and go forward with this plan because the end result will benefit everyone including the city.

Thanks for reading my comments.
S. Jadoo, Corona, NY

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