Brooklyn's Skyscraper District Reaches Landmark Status

Law360, New York (February 1, 2012, 8:44 PM EST) -- The New York City Council on Wednesday gave final approval to a controversial landmark district in downtown Brooklyn that includes 21 historic skyscrapers that has some building owners and developers worried about possible resulting restrictions on the area's growth.

The landmark designation protects the 19th-century buildings from destruction or disrepair, but real estate professionals in the area have argued that such a measure was unnecessary and could impede further development in downtown Brooklyn by raising building and repair costs.

The newly-landmarked area, called the Borough Hall...
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