$3B Willets Point project in NYC clears key hurdle

03/19/2013 | Crain's New York Business

The New York City Planning Commission has granted permission for the final public review process to begin for the $3 billion Willets Point redevelopment project in Queens. This "marks a critical step towards beginning the long-needed cleanup of toxic land," said a spokesman for the city's Economic Development Corp. Key to the start of the cleanup is special approval to build an uncovered parking lot. The project will consist of 2,500 apartments, hotels, a mall, office buildings, a school and open space, and is expected to create an estimated 12,000 construction jobs for union members.

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