Large real estate projects are essential to the continued vitality of a dense city like New York. By their nature, these complex endeavors come with both great economic potential and substantial financial and environmental risks. This report draws on lessons from the past to recommend principles and policies that can help city-building initiatives achieve multiple goals in the most efficient manner possible.
Recommendations call for a proactive government role that facilitates private development while advancing the public’s interest through the inevitable changes in projects that can take many years to fully complete.
Acknowledgements
Authored by
Christopher Jones
Senior Research Fellow
Nicolas Ronderos
Former Director, Community and Economic Development
