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Originally Posted by Skyguy_7
I've read back a few pages but still can't quite make sense of the situation. Can I trouble someone to briefly explain to me why exactly these AOC-type SJWs are trying to stop this handsome development, at this point in construction? This sets a terrible precedent that even after all the tedious front-end work is completed and all zoning boards have reviewed, still no approved development is safe from Shadow Justice Warriors.
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There have been some developers that are increasingly seeing NY as hostile towards development, and the cost of business is becoming quite high, so what are they doing?... they are flocking to other metros such as Miami-Dade and in Texas.
Cost of business has been high for a while, but when you factor in the unneeded costs, such as the bs with this project, and the court dates with others, it really starts to add up. Delays = expenses. Legal fees, increased time going through the approval process, hiring contractors, negotiating contracts with vendors, it all adds up.
Worst thing is the cost of property, but all this un-needed expense is pushing folks away. The up-front commitment needed and risk that is required is incredible.
NYC is only getting pricier, with the housing crisis getting worse, and transit not seeing much gain. At some point, the city will have to stop catering to this anti-development vibe that is spreading, and start thinking about its future. Even if it means pissing residents off.