The vote marks the first major milestone in the city land use process for the proposed $2 billion project, known as “Innovation QNS,” which would erect at least a dozen towers containing offices, retail space and 2,845 apartments.
“Just this year alone, public budgets allocated billions of dollars in federal spending for military intervention abroad, the state subsidy of a billionaire’s football stadium in Buffalo, and even over a billion dollars in city funding for the PACT conversions of public housing to private management companies rather than for public housing itself.”
The nine-member Rent Guidelines Board (RGB) voted Tuesday to raise rents by 3.25 percent on one-year leases and by 5 percent on two-year leases, the highest increase for rent-stabilized apartments since 2013.
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