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Money docks: Taxpayer cash for Navy Yard renovation

The Brooklyn Paper
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Pols are pouring $140 million of taxpayer money into fixing up a building at the Navy Yard.

The funds, set aside by Mayor DeBlasio, Council members, and Borough President Adams, are supposed to go towards renovating a former warehouse and Navy office to allow for more companies to move into the office, studio, and manufacturing park that honchos say has been booked solid for the past decade.

“This place is hot as can be,” DeBlasio said at a press conference announcing the funding on Monday. “And any space that’s created here will be filled — that’s the reality. There’s a huge demand to be here.”

The space is sorely needed for companies that are already located in the Navy Yard and are looking to expand, as well as new companies that are on a waiting list to get into the city-owned compound, its head said.

“Today, we literally have not a single square foot to lease at the Brooklyn Navy Yard, and we have not been able to keep up with demands of our existing tenants as they’ve wanted to expand and grow their employment,” Navy Yard president David Ehrenberg said.

Navy Yard management has been planning the redevelopment of the structure, called Building 77, since 2010. But the original rehab plans would only have covered the top few floors, leaving the rest as warehouse space. The cash infusion allowed Yard planners to expand the project to include the whole building, according to pols.

During World War II, the Navy Yard employed 70,000 people. Now, 330 companies rent space in the facility, employing 7,000, according to the Navy Yard. The mayor and Navy Yard brass say the new project will bring 3,000 more workers through the gates when it opens in 2016.

DeBlasio stressed that many of the jobs supplied by Navy Yard companies are “good-paying” and provide benefits.

“Our vision is about the growth of our economy, the creation of jobs, the creation specifically of jobs that are high-quality jobs — good wages, good benefits, the kind of jobs that can sustain families,” he said. “And that’s what you find here at the Brooklyn Navy Yard.”

It was not immediately clear what “good-paying” means.

Reach reporter Matthew Perlman at (718) 260–8310. E-mail him at mperlman@cnglocal.com. Follow him on Twitter @matthewjperlman.
Updated 10:17 pm, July 9, 2018
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Reasonable discourse

Common Cents from Crown Heights says:
"Good Paying" but not as good paying as the job he got his wife!
Nov. 18, 2014, 1:17 pm
another point of view from Brooklyn says:
"Compound" is the perfect word, for now that is. Soon to be converted to "Concentration Camp" for industry.

While on the surface, an industrial incubator like BNYDC & BAT seem like a positive, for infrastructure, blue collar jobs and diversity, but as they say "the devils in the details".

When we see all the illegal conversions and illegal artists living lofts carrying on without enforcement, and all the government supported conversions of industrial property, one has to think outside the box and see what's really happening in NYC.

Privately owned industrial properties are being challenged by illegal residences and residential conversions around them. Whether by 311 complaints about noise, odors, dust, trucks/truck idling and lack of parking, business activity has taken a back seat to the vocal voting public.

And while privately owned properties have to pay taxes, government owned properties use the taxes collected from private business to operate and expand their facilities, and to compete with the privates (case & point). This is hardly competition as private industrial property owners can not compete with their own government, a government that instead of trying to help private industrial property owners survive, is 'killing them slowly with this song...' and dance!

And when all the private industrial properties are gone, and all that's left of industrial businesses are in government "concentration camps", the real intention behind government controlled properties will be clear. Prices will rise and only those selected by Uncle Sam will be picked, and rest assured the majority will be those who can afford the ticket.

And who will claim to be the hero of what remains of NYC's industry, who else but Uncle Sam - their killer.

If you can't smell the coffee yet, it's because most if not all of the coffee wholesalers have been driven out, too smelly for most folks liking/tolerance - at least when there not in Starbucks!
Nov. 19, 2014, 1:39 pm
Real J from Park Slope says:
The City should not be involved in real estate speculation!!!
Nov. 19, 2014, 3:16 pm
you can say that again from Sunset Park says:

in one sentence, RJ said a mouth full!

The key part of the word Government is "Govern" and that's what their suppose to do. Not own rentable land to effect market pricing, market demand. not operate businesses like DOT Asphalt Manufacturing facilities or be in the Sanitation business. These are free enterprise markets and the only way for them to be 'free markets' is for them to free them of government competition & government control.
Nov. 20, 2014, 6:29 am
another point of view from Brooklyn says:
I add...

http://www.crainsnewyork.com/article/20141119/BLOGS04/141119816/council-aims-for-industrial-growth-through-zoning

And we also need new legislation to protect the current industrial zones from speculation and conversion.
Nov. 20, 2014, 6:45 am

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