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City council to vote on Riverside South.


The New York City Council The New York City Council is the lawmaking body of the City of New York. It comprises 51 members from 51 council districts throughout the five boroughs. The Council serves as balance of power against the mayor in a "strong" mayor-council government model.  Land Use Committee expected this week to make its recommendations for Riverside South
For Donald Trump's Riverside South development in New York City see: Trump Place
''For Riverside South in London, Canary Wharf, see: Riverside South (Canary Wharf)


Riverside South
, Donald Trump's largest and most hotly debated endeavor to date. Any changes would have to be cleared with the Planning Commission Noun 1. planning commission - a commission delegated to propose plans for future activities and developments
commission, committee - a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle
 before the full Council votes on Dec. 17.

The City Council sub-committee on Permits, Dispositions and Concessions, chaired by C. Virginia Fields C. Virginia Fields is the former Borough President of Manhattan, elected in 1997 and reelected in 2001. Her term expired in January 2006.

C. (Clara) Virginia Fields was born in Birmingham, Alabama circa 1946 and received her B.A.
, a Harlem Democrat, was to get its shot at the 7.9 million-square-foot project on Monday, and headed by June M. Eisland of the Bronx, the Bronx, the, borough of New York City, coextensive with Bronx co. (1990 pop. 1,203,789), land area 42 sq mi (106 sq km), SE N.Y. The name comes from Jonas Bronck, who purchased the land from Native Americans in 1639.  Land Use Committee, was scheduled to make its suggestions to the 51-member Council on Tuesday. Sources expect the full Council to give the okay to Trump after certain modifications that could, some say, affect the project's chances for financial success to some degree.

Any changes would have to pass through the Planning Commission in order to ensure compliance within the scope of the project. For example, the Council could not suggest adding a heliport heliport, airport designed exclusively for helicopter traffic.  since the effects of such an addition were not discussed in any of the environmental impact statements.

What they could do, however, is insist on an on-site sewage treatment plant, something developer Donald J. Trump said would "kill" the project. This alternative had been one of several proposed by the civic groups that make up the Riverside South Planning Commission, which Trump heads. Other ideas included retrofitting area plumbing with lowflow fixtures and building a bioaquatic facility, dropped because the technology is still imperfect.

The sewage issue has haunted the project, even though Environmental Commissioner Albert F. Appleton has insisted the North River facility, currently the subject of odor mitigation improvements, would have no problem handling the effluent from Riverside South's 5,700 apartments. Council-member Fields, whose constituents overlook and smell North River, is said to be opposed to any addition to the volume at that site.

One insider familiar with the Council's thinking, said concessions have to be made and the building's size and height will have to be scaled down further from the current maximum of 490 feet high and 105 feet in width. Under the design plan, however, only a handful of the 16 major buildings are expected to have towers that tall, and the project's FAR of 4 is one of the lowest of any major development.

This insider believes the project will pass nonetheless, especially because it has the mayor's support. "It will bring jobs in and it will be the first real development in the city," the insider explained as the reason for the expected passage.

The draft environmental impact statement looked at a 7.7 million-square-foot project as a smaller alternative and found such a project would generate approximately $492 million less in construction related activity than the 8.3 million-square-foot project under consideration in May, including 800 fewer permanent jobs. It also stated other impacts would be similar to the larger project, including the impact to the sewer treatment plant although use of the park would decrease.

West Siders are eager to have a hand in to be concerned in; to have a part or concern in doing; to have an agency or be employed in.

See also: Hand
 the management of the park and others are calling for a public authority to oversee the construction of the entire Riverside South, which is actually a tremendous subdivision. Neither of those is likely to be decided at this juncture.

Project costs have been inflated from eight years of carrying costs Carrying costs

Costs that increase with increases in the level of investment in current assets.
, legal and architectural fees, and associated site preparation and building expenses. Many of the costs are not normally associated with putting up a building elsewhere, such as contributions to the subway, the Harlem rail yards and park maintenance into perpetuity perpetuity n. forever. (See: in perpetuity, rule against perpetuities)


PERPETUITY, estates. Any limitation tending to take the subject of it out of commerce for a longer period than a life or lives in being, and twenty-one years beyond; and in case of a
.

One banker overseeing the project's ULURP ULURP Uniform Land Use Review Process  process warned, however, that any changes the Council makes will be even worse for Riverside South's bottom line.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:New York, New York City Council Land Use Committee to make recommendations for real estate development project planned by Donald Trump
Author:Weiss, Lois
Publication:Real Estate Weekly
Date:Nov 25, 1992
Words:619
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