The City Council has put off a decision on whether to transfer a downtown parcel for a proposed $25.3 million mixed-use development project.
Monday night’s 3-2 vote was not unexpected, as Council Chairman Glenn A. Choolokian said last week the three-member Council majority had concerns about the value of the Rainbow Boulevard parcel, as well as what he characterized as a lack of information provided to lawmakers throughout the development negotiations.
On Monday afternoon, the head of Empire State Development said the city should think about any message it sends to developers.
********* 9:57 p.m. update: Full story here.
taggedbusiness | City Council | city government | downtown | Glenn Choolokian