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Mayor Reveals Two Revitalization Projects

NEW YORK CITY—In a comprehensive State of the City address, de Blasio revealed plans to issue RFPs for Governor’s Island and Far Rockaway.

Mayor Bill de Blasio has announced plans for major upgrades in Queens and on Governor's Island. Mayor de Blasio has announced plans for major upgrades in Queens and on Governor’s Island.

NEW YORK CITY—While Mayor Bill de Blasio’s State of the City address focused on quality of life issues, he revealed some juicy tidbits for the real estate industry.

The Mayor late Thursday announced plans to turn Governors Island into a “center of culture, commerce and innovation.” The area “will be the site of a sweeping economic development project.” Modeling the project after Roosevelt Island’s Cornell-Technion complex the city and the Trust for Governors Island will issue an RFP for a comprehensive plan to develop up to 33 acres on two development zones situated on the southern end of the Island, and reactivate the 900,000 square feet of existing space in the historic district on the northern end of the Island.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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