Recent Streetsblog NYC posts about NYCEDC

At St. George, EDC Wants Suburban-Style Parking for Its “Vibrant Downtown”

By Noah Kazis | Aug 12, 2011 | 8 Comments

St. George Staten Island could become the region’s next great downtown. That’s the plan over at the New York City Economic Development Corporation, which is about to redevelop two waterfront sites immediately adjacent to the ferry terminal. Yet even though EDC touts the unparalleled transit access at the sites, which are currently surface parking lots, […]

Replacement For Yankee Stadium Parking Will Still Have to Pay The Bills

By Noah Kazis | Mar 17, 2011 | 16 Comments

As the operator of the taxpayer-financed Yankee Stadium parking garages heads toward default, there’s no longer any question that providing so much parking in such a transit-rich location was a mistake on the scale of Carl Pavano’s contract. The decision to give up $2.5 million in city taxes and $5 million in state revenue has […]

NYCEDC’s Yankee Stadium Parking Debacle: Who Woulda Thought?

By Brad Aaron | Mar 15, 2011 | 20 Comments

In news that should surprise no one, the taxpayer-financed Yankee Stadium parking garages have been declared an unmitigated disaster. Anyone could have seen the deal was a loser from the start — that a sports stadium served by subways, buses and a new commuter rail station, a stadium that would have fewer seats for fans, […]

Shady Dealings Drive EDC Subsidies for Moisha’s Supermarket Parking Lot

By Noah Kazis | Feb 10, 2011 | 10 Comments

Wondering why the city is subsidizing 18,000 square feet of parking for a project that’s supposed to make fresh food more accessible to low-income New Yorkers? Political favors seem to have something to do with it. Moisha’s Discount Supermarket is receiving $2 million in tax incentives to expand its operations and build parking for 45 […]

EDC-Backed Supermarket to Build More Space for Parking Than Groceries

By Noah Kazis | Feb 8, 2011 | 7 Comments

Thanks to New York City’s Economic Development Corporation, the residents of Midwood are about to enjoy a wider selection of produce and kosher foods. Under the FRESH program, Moisha’s Discount Supermarket is slated to receive just under $2 million in tax breaks to double its size and provide more grocery options to the underserved community […]

City Offers Tax Exemptions For Politically Connected Parking Operator

By Noah Kazis | Dec 3, 2010 | 5 Comments

Raking in millions by inducing more traffic on Jamaica’s congested streets? It’s charity, says New York City, and the business that does it should not pay taxes. A local non-profit with politically powerful friends managed to get its off-street parking garages classified as tax-exempt, despite being used exclusively for commercial purposes. The Daily News’ Juan […]

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