NYC announces deal for area near Mets stadium
NEW YORK (AP) - June 14, 2012 (WPVI) -- New York City Mayor Michael Bloomberg's administration has announced an agreement with a group of developers that includes the owners of the New York Mets to clean up and develop a blighted neighborhood next to the team's stadium.
The agreement was announced Thursday. It covers a 20-acre portion of Willets Point in Queens, where Citi Field is located.
It calls for developers Related Companies and Sterling Equities to construct a mix of retail, hotel and commercial space in a gritty area made up of auto repair shops and junkyards. Affordable housing units would be constructed.
Bloomberg says the $3 billion project will create 12,000 union construction jobs and 7,100 permanent jobs and will generate $4.2 billion in economic activity over the next three decades.
Sterling Equities founders Fred Wilpon and Saul Katz own the Mets and Citi Field.
new york, national/world
- More Snow on the Way 47 min ago
- Get the 6abc StormTracker app
- WATCH: Action News Online
- 2013 Troop Greetings
- Video: Preparing for more snow
- Video: Tracking more snow
- 2 arrested for violent Center City attack
- Thief steals $17K from Philadelphia charter school 45 min ago
- Arrest in S. Phila. Christmas decoration theft
- Study: Child an hour injured on high chairs
- Princeton begins meningitis B vaccinations 46 min ago
- Video: Recapping the Eagles Snow Bowl 53 min ago
- Roy Halladay retires after 16 seasons 49 min ago
- Woman stabbed female cousin to death, police say
- More Snow on the Way
47 min ago