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DCP head Lago calls Downtown Brooklyn and LIC rezonings effective (oh)

New York’s real estate industry has become a victim of its own success, according to Department of City Planning Chair Marisa Lago.
“We are seeing what—at least for me since the 70s—is an all-time high in an antidevelopment sentiment,” she said at REBNY’s annual commercial management leadership breakfast on Thursday morning. “I do think a portion of it is the fact that we have had sustained growth for such a long period.”
Lago gave the keynote address at REBNY’s breakfast, which is held every year to honor workers in the commercial building management industry. She contrasted the growth the city has been experiencing for years with her time working there in the early 1980s, when crime was rising and the city was losing jobs to New Jersey and families to Long Island, and noted that many newer residents of New York are not familiar with this type of environment.
And then there's this:
She said Long Island City and Downtown Brooklyn were two prime examples of the city carrying out rezonings effectively.
“New housing is attracting a talented workforce, which in turn is attracting businesses and jobs,” she said. “It’s a virtuous cycle.”
Then again, as I wrote for The Bridge in January, Lessons of Rezoning: When It Doesn’t Work Out as Planned.

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