Reviving the Waterfront -- and its Industries

Officials in New York are pushing a plan known as Vision 2020, which is aimed at restoring the city's waterfront areas and creating new public spaces. It also hopes to create preconditions for waterfront industries and businesses to grow again.

Tom Angotti reviews the plan and its implications.

"Overall the plan envisions parks and natural habitats. It also anticipates creating infrastructure that would allow industrial areas -- smaller than they once were -- to thrive. And it calls for new housing "for people of diverse income levels."

Public access, natural restoration, industrial and commercial development – all reflect the interests of those who own land on and near the waterfront. Public promenades and parks on the waterfront will be valuable amenities for luxury towers, as will the 'panoramic water views of great beauty.'"

Full Story: On the Waterfront Plan: Real Estate Dreams and Future Conflicts

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