| UNITY
adds new streets that divide the Yards into eight parcels.
By creating competition between multiple developers,
the MTA will maximize its earnings for the sale of the
yards. By subdividing the Yards, the overall development
can be completed in less time since sites can be under
construction simultaneously, and with less vulnerability
to fluctuations in the economy since project delivery
sources will be diversified. Disruption to the surrounding
communities will thus be minimized in contrast to FCR’s
expected build out of 10-20 years.
The HafenCity Urban Development Project in Hamburg,
Germany is an example of this model that has been built.
The plans for that project referenced the structure
that was used in Battery Park City. |
