Posted Sep 29, 2011, 8:09 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,145
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http://www.crainsnewyork.com/article...TE02/309259993
Best resolution for the U.N.
The city would get up to $400 million if it were to sell 1 and 2 U.N. Plaza.
September 25, 2011
Quote:
The City of New York owns potentially valuable buildings at the east end of midtown, but the major tenant, the United Nations, pays cheap rents and can extend its leases through 2023. Shouldn't the cash-strapped city do all it can to escape from those deals and sell the buildings?
The U.N. long ago ran out of room at its aging Secretariat Building and has employees scattered across the city. Wouldn't it be preferable for the U.N. to consolidate them in a new building on an underutilized site, injecting hundreds of millions of dollars into the struggling construction industry and cementing its economically beneficial presence in the city?
Fortunately, city and state decision-makers have not sided with the few residents and roller-hockey players who don't want a U.N. building on the blacktop. The local elected officials—City Councilman Daniel Garodnick, state Sen. Liz Krueger, Assemblyman Brian Kavanagh and Rep. Carolyn Maloney—believe that the benefits of the land-sale plan outweigh the not-in-my-backyarders' concerns about building shadows and blocked views.
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