NYC Planning Commission OKs $3B Willets Point Development

Law360, New York (March 18, 2013, 6:27 PM EDT) -- The New York City Planning Commission on Monday gave the green light to the Bloomberg administration's $3 billion plan to turn the contaminated Willets Point site in Queens into a 5 million-square-foot mixed-use neighborhood developed by Sterling Equities Inc. and Related Cos.

It's the second time the development of Willets Point has gone through the approval process, but several changes have been made to the original plan since the city got permission to purchase and develop the site in 2008, including the selection of Sterling and...
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