NY City Council Shelves Midtown East Rezoning Plan

Law360, New York (November 13, 2013, 3:19 PM EST) -- The New York City Council shelved Mayor Michael Bloomberg's plan to rezone Manhattan's midtown east district to allow for taller, more modern buildings late Tuesday, announcing that council members were unable to agree on how best to move forward with the proposal.

After several months of progress, during which the plan was approved by various local panels and underwent several adjustments, it will now be set aside until various issues — particularly the question of how to sell air rights in the district — can be...
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