Should Battery Park City be Privatized?

28 October 2005 - 7:00am

The first CEO of New York's Battery Park City calls for a $3 billion selloff and a $300 million growth spurt at the historic mixed-use development.

"The 40-year effort to build Battery Park City, which should be concluded at the end of this decade as development of the last site is completed, saw gradual evolution and dramatic change in design philosophy, political leadership and market conditions. The site's placid facades and graceful parks belie the bitter, contentious infighting that often ruled the process. But its present success has arrived as much in spite of rather than because of that process. Markets and tastes have come to match what Battery Park City has to offer..."

Full Story: Extend and Blend
Source: The Slatin Report, October 27, 2005
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One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.