| In 2002, the New York City Department of City Planning released its long-awaited study and plans for fostering development on the far west side of midtown Manhattan. The plan, which includes part of the Fashion District, is intended to provide balanced commercial and residential usage for the area. The Fashion Center BID Board of Directors has endorsed this plan, seeing it as providing a stimulus for positive growth.
Following is an excerpt from the report of the NYC Department of City Planning. To view the entire report, utilize the link at the bottom of this page. |
The redevelopment of Far West Midtown offers an extraordinary opportunity to meet the City's need for an expanded central business district. Together with the reconstruction of Lower Manhattan, the redevelopment of Far West Midtown would provide the expansion space the City's prime office users will need as the City's economy rebounds, spreading economic benefits throughout the City and region. With proper planning and investment, Far West Midtown would be a transit-oriented, pedestrian-friendly urban central business district, with office, hotel, entertainment, exhibition, and retail space that would be accessible to, and integrated with Midtown, while strengthening the City's tax base and providing new housing and public parks in an environmentally beneficial manner. Moreover, the value that would be created by the redevelopment of Far West Midtown, and the tax revenues it would generate, would permit the financing of the needed public investment without impinging on public funds needed elsewhere in the City.
This Framework establishes a plan for the revitalization, over the next two decades, of this critical but long-neglected area of Manhattan, through areawide infrastructure investments and zoning changes that reflect the growth potential of the area, and through innovative strategies for financing and implementation. An extension of the Number 7 Subway line to Far West Midtown, the first subway construction since the 1930's intended specifically to open new areas to development, is the key to ensuring that the area's infrastructure supports the projected new development.
Link to NYC DCP site for study: www.nyc.gov/html/dcp/ |
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