Council approves tennis center.
Although officials believe construction will start by spring, the Committee gave it a seven and a half year deadline within which to begin, back from ten years.
The community also won 200 parking spaces out of 650 that will be provided free during non-tennis events. No tickets for the U.S. Open were set aside for the community which is unhappy about the numbers of people invading its quiet streets each September.
Additionally, officials' complaints about flyovers from nearby LaGuardia Airport during U.S. Open events will force the city to pay monetary penalties if there are excessive flyovers, consisting of more than six an hour or 18 per day. A compromise will allow 25 percent of the money, in the form of a rent abatement, to go to city youth programs for the first five years, declining to 10 percent after that.
The tennis center will also give $8 million to finance improvements in Flushing Meadow-Corona Park.
The new 42-acre layout would more than double the current tennis center, add a 23,500 seat stadium and increase the number of tennis courts from 39 to 47. Eleven of those courts could be used free by city permit holders while the others would be rented to the public at low rates.
The new lease for the site will run for 25-years but options could extend it to 99 years and the city expects to obtain $1 million each year in rent and revenues plus an additional $3 million in taxes. The Open itself brings in $112 million in revenues and is expected to increase to $130 million after the new stadium and renovations are complete.
Two Queens Council members and Thomas K. Duane of Manhattan were the 3 opposing votes.
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|Title Annotation:||New York, New York City Council approves proposal for expansion of National Tennis Center|
|Publication:||Real Estate Weekly|
|Date:||Sep 15, 1993|
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