Jens Rasmussen

What the CitiStorage Property is Worth and Why No One In Their Right Mind Will Overpay for It

Press Release from Friends of Bushwick Inlet Park June 9, 2016 Download A recent press report noted that the “leading” estimate of the value of the CitiStorage property is $77-92 million dollars. The City just offered the owner Norman Brosdky $100,000,000 to turn it into parkland. Brodsky has not publicly indicated that he will accept […]

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Mayor Bill de Blasio

City Makes Offer for CitiStorage Site!

  June 9, 2016 The de Blasio administration has offered the owners of the last unacquired parcel a very generous $100 million for their property!  All await the owners response. We applaud the mayor for this aggressive move towards completing Bushwick Inlet Park. We also thank our elected officials for their unrelenting support on this […]

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Kim Fraser & FBIP at CB1

CB1 Approves Resolution Against Ever Rezoning CitiStorage Property!

Good News! This week Community Board #1 passed a resolution against ever rezoning the CitiStorage Property for residential or enhanced commercial development! The resolution demands the City fulfill its promise from the 2005 Greenpoint Williamsburg rezoning plan to create a full contiguous Bushwick Inlet Park on the East River Waterfront. We can’t thank the board […]

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Bushwick Inlet Park Masterplan rendering from NYC Open Space Master Plan

“Maker Park” – For the Record

As many of you have seen, a group by the name of Maker Park is holding a “Design Display” meeting on Tuesday evening. “Maker Park” is a proposal to supplant the Bushwick Inlet Park masterplan with a new plan that would retain the tanks and buildings at the Bayside Fuel Oil site, repurposing these relics […]

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Bushwick Inlet Park Masterplan rendering from NYC Open Space Master Plan

Success for Bushwick Inlet Park – Now What?

Waterfront Alliance December 2, 2016 On November 22, the Brooklyn waterfront communities of Williamsburg and Greenpoint erupted in cheers at the City’s announcement of a deal to acquire 11 acres known as the CitiStorage site. This stretch of waterfront land, purchased for $160 million after lengthy negotiations with the owner, will allow Bushwick Inlet Park […]

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Bushwick Inlet

New York Buys Last Tract for Williamsburg Waterfront Park for $160 Million

New York Times November 24, 2016 A patchwork of weeds, rusted refineries, dilapidated warehouses and pollution-soaked land along the East River in the Williamsburg section of Brooklyn has long held the unfulfilled dream of local residents. For more than a decade, New York City officials have promised to transform the industrial wasteland into a 28-acre […]

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CitiStorage Building

Pieces in Place for Brooklyn Waterfront Park

Wall Street Journal November 22, 2016 City to pay $160 million for final parcel of land needed for Bushwick Inlet Park New York City struck a deal to buy the final piece of land for a long-promised park along the Brooklyn waterfront. It agreed to pay $160 million for a storage complex that was badly damaged in […]

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BIP Building Facade

City buys last piece of land needed to build Bushwick Inlet Park

NY Daily News November 22, 2016 The city has finally struck a deal to buy the last chunk of land it needs to build Brooklyn’s long-delayed Bushwick Inlet Park, Mayor de Blasio announced Tuesday. The de Blasio administration will pay $160 million under an agreement reached Monday for the site of the former CitiStorage warehouse, […]

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Bushwick Inlet Park Soccer Field & CitiStorage

City reaches $160 million deal for last piece of Bushwick Inlet Park

Crain’s November 22, 2016 Acquisition comes after months of tense negotiations for CitiStorage site The city has reached a $160 million deal to purchase the final parcel of waterfront property needed to create Bushwick Inlet Park, a planned 25-acre green space in Williamsburg. The city is buying an 11-acre site occupied by CitiStorage. One of […]

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Adam Perlmutter, Kim Fraser & Katherine Thompson on NY1

City Purchases Final Land Chunk for Bushwick Inlet Park

NY1 November 22, 2016 The city has made a deal to acquire the final piece of land needed for a long-promised park in Brooklyn. NY1’s Lori Chung filed the following report. The CitiStorage site in Williamsburg will soon be under city ownership, and ultimately, the land that will finally complete Bushwick Inlet Park. “We’re going […]

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Fire Anniversary Rally - Presser at CitiStorage

How the Completed Bushwick Inlet Park Will Change Williamsburg

Brownstoner November 22, 2016 The long-promised and highly anticipated Bushwick Inlet Park is finally going to become a reality. The city has struck a deal to purchase the last 7.5 acres needed to complete the 28-acre Williamsburg park from developer Norm Brodsky for $160 million, the city announced Tuesday. The final price is well below […]

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Kim Fraser on New 12 Brooklyn

Bushwick Inlet Park inches closer to becoming a reality

News 12 Brooklyn November 22, 2016 Bushwick Inlet Park is finally closer to becoming a reality as the city has acquired the final parcel of land that was standing in the way of the 28-acre waterfront park. The last piece of land was a giant blue warehouse owned by real estate developer Norm Brodsky. After […]

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City finally acquires last parcel needed to complete Bushwick Inlet Park

Brooklyn Daily Eagle November 22, 2016 ‘Big win’ for park-starved North Brooklyn Mayor Bill de Blasio announced on Tuesday that the city had finally reached a deal to acquire the 11-acre CitiStorage site on the Williamsburg waterfront, allowing it to complete the long-promised Bushwick Inlet Park. CitiStorage site owner Norm Brodsky will receive $160 million […]

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