Recent news of secret negotiations between New York City and corporate behemoth Amazon lead at least one inquiring mind to wonder if the New York City Loft Board’s seeming unwillingness until very recently to entertain Loft Tenant points of view may not be somehow related. “Cool” neighborhoods such as Greenpoint, Williamsburg and Bushwick also happen to be quite close to the new digs Amazon will be occupying in Long Island City. Just this morning a New York City loft tenant broached this topic with someone of similarly inquisitive nature…
(slightly edited for clarity and to protect personal privacy)
On Dec 3, 2018, at 7:52 AM, [Raphie Frank] <[personal info redacted]> wrote:
Please see the forwarded email and feel free to pass on to any appropriate parties.
BACKGROUND INFO ON “BILLION DOLLAR LOFT BOARD”
The Real Estate lobby, as voiced by the owner advocate in a public meeting a few months back, values each Loft converted to residential use at one million dollars. Assuming the new rules the Loft Board Staff proposed in 2017 had passed* — justified on the basis of an illegal 2014/2015 rule change — well over a thousand units quite likely would have been affected, especially should the application window be reopened by the State legislature in the future without an update to the window period.
Do the math and that billion dollar figure mentioned mentioned online is quite likely very conservative. One can only imagine how many units might well have opened up in Special Mixed Use districts such as Williamsburg at market rates had the proposed new rules passed just in time, coincidentally, for Amazon employees looking for cool digs in close proximity to Long Island City to snap them up.
If any questions, please do ask. I have far more information to share than is reasonable to expect others to quickly process. In point of fact, without casting any aspersions regarding malice aforethought, the situation in “Loftland” is an entire mountain worth of effed-up and is therefore extremely resistant to soundbites and short summaries.
Do you happen to know anyone on the City Council? How about members of the 4th Estate?
Worldzight :: Citizen Oversight
* Information regarding these new rules and how they would have hurt Loft Tenants can be provided upon request.