Parade for Santo Amato, Vernon/Jackson, Long Island City
Fallout from the financial crisis keeps raining down on NYC. Now it’s news that the credit crunch is not just impacting buyers, but developers who depend on bank financing to get their developments completed. Obviously this is relevant to Long Island City, where predictions of a major slowdown in development thanks to the root problem of the financial crisis, the sub-prime mortgage meltdown, have been sounded out now for months. Though in a sense, where LIC is concerned, this is all relative information. There are still a ton of development projects going forward, as evidenced by the constant sound of hammering and drilling, aka the signature song of LIC.
The smallest house in Long Island City - Courthouse Sq, Hunters Point
Good Monday morning liQcity readers. Some interesting tidbits in recent LIC news…did you know the Noguchi Museum is sinking? Well, apparently so. In other topographical news, the Newtown Creek, site of the potentially (ahem) largest oil spill in the world, is finally getting some money thrown at it for cleanup. We haven’t even touched the topic of toxicity in Long Island City, and you can bet that’s coming.
Sinking Noguchi Museum gets $8M [Daily News]
State Targets Brooklyn’s Ultra-Polluted Newtown Creek With $625G Grant [Brooklyn Eagle]
Signs of Spring: Putting the ‘Beach’ into Water Taxi Beach [Eater]
The end nears for Kosciuszko Bridge [Daily News]
5pointz Studios
Hallelujah. It’s the weekend. The Idiotarod race starts tomorrow at noon.
