The Wolfkoffs have every right to redevelop this property. It's theirs. End of story.
BUT, this isn't some shitty ugly little building that old ladies are bitching about losing because they used to crochet on the stoop or because some poet slept there 150 years ago.
This is an authentic living monument to an artform that is 100% NYC.
This is one of the most unique art spaces in the world. Graffiti was born and bred in the NYC jungle. It's part of NYC's blood and one of many major cultural contributions NYC has given the world. It disappeared from the trains long ago, and this is one of the last places you can see the evolution of the artform right in the city that birthed it.
I'll never forget the first time I looked out the window of the 7 across all those tracks and saw 5 Pointz for the first time against the backdrop of the Manhattan skyline. All New York, and only in New York.
I love development and loathe NIMBYism. But I will be very sad to see 5 Pointz go.