Will Brooklyn’s Insane Real Estate Market Doom This Long-Stalled Park?
March 12, 2015
Hundreds of Brooklynites flooded City Hall on Thursday to protest the city’s slow action on buying land for Bushwick Inlet Park, as real estate prices have soared in line with condo construction along the East River.
In 2005, seeking to increase development in the area, then-mayor Michael Bloomberg’s administration approved plans to create a 28-acre park along the waterfront. The park was a source of comfort for residents of Greenpoint and Williamsburg who were unhappy with the luxury condos that would also be developed nearby.
But even though city officials designed, planned, and even built part of the park, they never actually took the time between all that back-patting and ribbon-cutting to buy up the area’s land and finish the job…