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This week, the New York Times officially declared the end of the New York City real estate boom. Charles Bagli wrote, “It is hard to say exactly what the long-term impact will be, but real estate experts, economists and city and state officials say it is likely there will be far fewer new construction projects in the future, as well as tens of thousands of layoffs on Wall Street, fewer construction jobs and a huge loss of tax revenue for both the state and the city.”

In another article, the Times reported on how the drying up of credit is affecting municipal bond markets nationally: “Analysts said the dysfunction in the municipal bond markets appeared to signal the end of an era of relatively cheap money for governments and, probably, the start of an era of tough choices for communities.”

The other issue on everyone’s mind: term limits. The bill to extend them for local elected officials is expected to be introduced to City Council on Tuesday.

Finally, check out the Iron Triangle Tracker, a blog about the ongoing controversy over the redevelopment of Willets Point.

End of the real estate boom? What of all those condos in Williamsburg? Photo via Curbed.


The kerfuffle over Pier 40 may be drawing to a close. The Villager reports, “The Related Companies may be folding its circus tent for its hotly opposed plan for a Cirque du Soleil entertainment megacomplex on the pier, since Related cannot get a long-term, 49-year lease.” Now, the Hudson River Park Turst is encouraging Camp Group/Urban Dove, which has created a proposal called “The People’s Pier” (Seen here, via the Villager) and grassroots local group Pier 40 Partnership, which presented its own plans for the site back in January, to work together on a site plan.

In response to the MTA’s selection of Tishman Speyer as the developer of the Hudson Yards site, NY Times’ Nicolai Ouroussoff has a thoughtful editorial about the place of public good in big NYC development projects. One positive note about the Hudson Yards development from a community-based planning perspective – Friends of the High Line says that the plan preserves most of the High Line, and FOTH has pledged to work with the developer to ensure preservation of the entire structure.

Brownstoner reports on Toll Brothers’ presentation last night in Gowanus.

The Greenpoint-Williamsburg Association for Parks and Planning (GWAPP) called on the public to take an active role in the development and maintenance of green spaces – including those still awaiting construction (including the coming Transmitter Park, seen here). (Queens Ledger)

More than 800 Turned Up at a Meeting about the proposed St. Vincent’s Development in Greenwich Village. (GVSHP)

The Rezoning of 125th St. was discussed, and a Harlem community group and the civil rights advocate Norman Siegel today announced the start of campaign against the city’s proposed rezoning of 125th Street, arguing that the current proposal does not adequately protect the local community or the historic character of the commercial thoroughfare. (NY Times City Room)

The AIA’s proposed zoning text amendments were demystified.

Flatbush was imagined – participants broke into small groups and analyzed goals for the upcoming sustainability agenda.

We saw proof that congestion pricing supporters do exist in Queens, while the pols and the people in Brooklyn don’t quite agree. (Streetsblog)

Have a restful weekend, everyone – you deserve it! But if you just can’t get enough, there are more events happening this weekend:

PS9 Community Design Day in Prospect Heights

and a Rally and Celebration for Pier 40 in Greenwich Village (PDF)

Today’s news provides a glimpse into a few future planning and political issues facing NYC:

Fear Over Gravesend Waste Station Plan (Daily News)

Council Members to Push for Imminent Change of State Eminent Domain Laws (City Hall)

Will Yankee Stadium Parking Become a Ticket to Ride? (City Limits)

City Planning Commission Public Hearing on 125th St. Rezoning will be held January 30 (DCP)

ULURP Coming Soon for Major Sunset Park Project (Brownstoner)

Vendors Want More Permits, Not Just Green Ones (City Room)

Tenants Might Buy the Birthplace of Hip Hop (City Room)

Mayoral Candidates Vie for ’09 Fundraising Lead (NY Times)

Photo of a Gravesend Bay waste station protest via Brooklyn Paper

Bloomberg names Robert C. Lieber (left), head of EDC, as Doctoroff’s replacement (NY Times City Room)

Streetsblog awards the 2007 Streetsies.

Gotham Gazette reviews the top stories of 2007.

AMNY showcases its 10 (More) to Save: unprotected and threatened landmarks in NYC.

Curbed has narrowed it down to either the West Village or Long Island City for Neighborhood of the Year

Happy new year readers!  Coming in 2008: Version 5 of Planning for All New Yorkers: the Briefing Book of Community-Based Plans, and an accompanying forum series.  Stay tuned! 

Photos of the beginning stages of the coming Brooklyn Watefront Greenway.    (Streetsblog)
“The Best of the Worst” of Planning in 2007 (Planetizen)
Brooklyn Mall is Oasis, Anomaly (NY Times Christmas shops at threatened Fulton Street Mall) 
Dueling Bills in the Fight Over Housing (NY Times)  
In the spirit of the holidays: Reasons to Love New York Right Now (NY Magazine
Predictions for the Biggest Stories of 2008 (Gotham Gazette
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