On his way out Bloomberg Frenetically Grabs Whatever Public RE Remains
Luxury high rise condo towers to rise in the open spaces of NYC Housing Projects. Because Wasted Assets! No, seriously.
The NYCHA (NY City Housing Authority) -- and its Bloomberg crony appointee (a "community activist" a la Obama) unveils plan to build luxury condo highrises in the open park spaces of City housing projects -- especially the ones near the Rivers. The the structures will waste no ground surface -- they will but up to the low-rise housing projects, lending new meaning to the idea of the Rich looking down on the Poor. The blueprints (pictured) speak for themselves: a physical invasion of public housing by (publicly-financed) Real Estate Kleptocrats (I'm sure other branches of FIRE will be in on these things -- bank loans, construction insurance, ha ha ha).
It is a wonder that Mayor Bloomberg did not go all the way and simply blow up the public housing (his policy of malign neglect after Sandy somehow did not manage to empty out those buildings). Someone probably told him that his "History of the Greatest Mayor of New York" wouldn't look too good if it deleted the chapter about how he created an instant army of 100,000s of minority homeless by blowing up their homes to make way for luxury investment properties for foreign rich people.
This is on the same continuum of events as Mayor Bloomberg inhumane insistence on running the Elite Marathon starting in the Sandy-devastated Staten Island. He was overruled on that one. Let's see how the Mike-bought cockroaches in the City Council try to weasel their way into looking like they "did everything they could to stop it" as kayfabe for their constituents.
The Coat of Arms of Soon-To-Be-Ex Mayor Bloomberg (and the rest of the army of goons pillaging our wealth and assets) says: "We Want Every Last Inch."