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Show gives Doctoroff West Side platform.


The city's economic future depends on the Far West Side development, said Deputy Mayor Daniel Doctoroff at the 24th Annual Buildings New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Trade Show last week.

"It is absolutely essential, all of us together seize the opportunity today, to invest in our future," Doctoroff said. "New revenues to the city and state over the period of 2005 to 2035, new revenue that will not exist if we do not do what we are talking about, is $67 billion."

Doctoroff kicked off the two-day event held at the Javits Center that is to be expanded as part of the city's $4.5 redevelopment proposal. The project includes commercial, retail, residential and hotel development, as well as the Jets sports and convention center.

Earlier this month, Gov. George Pataki George Elmer Pataki (born June 24, 1945) is an American politician who was the 57th Governor of New York serving from January 1995 until January 1, 2007. He is a member of the Republican Party and was seen as a possible 2000 and 2008 Presidential candidate.  proposed legislation that would allow the Javits Center to be expanded.

"This is great building. It is run very well by the Javits Center management, but it is pathetically too small," Doctoroff said during his speech. "If you have any influence in Albany, in order to expand the Javits Center, we need state legislation."

He also asked for support for the New York Jets
    The New York Jets are a professional American football team based in the New York metropolitan area. They are members of the Eastern Division of the American Football Conference (AFC) in the National Football League (NFL).
     stadium, that will double as a convention center space, as well as the Olympic Stadium The Olympic Stadium is the name usually given to the big centrepiece stadium of the Summer Olympic Games. Traditionally, the opening and closing ceremonies and the track & field competitions are held in the Olympic Stadium.  should the city win the 2012 Olympic bid.

    "New York Sports and Convention Center plays a critical role in our plans for the Far West Side," Doctoroff said. "In fact, not only does it offer a great financial return, it will accelerate development in the surrounding area by filling up that gaping gap·ing  
    adj.
    Deep and wide open: a gaping wound; a gaping hole.



    gaping·ly adv.

    Adj.
     hole that the rail yards represent."

    He said the city and state's invest of $350 million each is nothing compared to the investment the Jets are going to make.

    "The Jets are not only making the largest contribution to a comparable facility in world history, they are also agreeing to indemnify To compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person.

    Insurance companies indemnify their policyholders against damage caused by such things as fire, theft, and flooding, which
     the city and state against any cost overruns Noun 1. cost overrun - excess of cost over budget; "the cost overrun necessitated an additional allocation of funds in the budget"
    cost - the total spent for goods or services including money and time and labor
    ," he said. "Our exposure in limited, they are taking all the risks in terms of construction."

    When asked about other venues for the stadium, Doctoroff said Manhattan was the best choice.

    "There are only two (stadium locations) in New York City New York City: see New York, city.
    New York City

    City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
    ," he said. "One is at Willets Point next to Shay shay  
    n. Informal
    A chaise.



    [Back-formation from chaise (taken as pl. )]

    Noun 1.
     Stadium. By the time you clear the tenants out of there, do environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a , drive deep piles into the marsh land off of Flushing Bay, it costs the same as it does to build a platform and a stadium in Queens as it in Manhattan."

    The multi-use center is a perfect fit for the Far West Side, which is currently home to 141 residences, he added.

    "What really makes this work is the combination of a sports facility, as well as a convention facility," said Doctoroff. "And the truth is, you cannot get conventions to go to Queens."

    There will be public comment period over the next several months pursuant to a general project plan that will be filed with the Empire State Development Corporation, he said.

    Approval for the Jets project is expected to follow in November.

    The city's Far West Side plans are also rolling along, with the uniform land review process beginning by the end of the month and the environmental impact statement being completed, as well.

    "I'm told it is the largest environmental impact statement in New York City history," Doctoroff said. "It's 6,000 pages long. That begins a seven-month process, culminating in a review by the City Council in January."

    Doctoroff said the city's chances of winning the 2012 Olympic were great--if they proceed with the plans.

    "We can win, 1 believe we will win next July 2005, but we will only do it if we have started on that building," he said.

    "We like to say the investment in the west side generally is the single best investment New York can make in its future."
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    Article Details
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    Title Annotation:Construction & Design
    Author:Nelson, Barbara
    Publication:Real Estate Weekly
    Geographic Code:1USA
    Date:Jun 16, 2004
    Words:641
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