- REAL ESTATE EDUCATION
- GIVING BACK
NEXT CITY --Plan to Expand Manhattan 500 Feet into the East River “Financially Feasible,” Says City
July 3, 2014
New York City is one step closer to expanding a 1.3-mile stretch of Lower Manhattan up to 500 feet into the East River in the coming decades.
The proposal, originally conceptualized as Seaport City by the Bloomberg administration, is the subject of the Southern Manhattan Coastal Protection Study: Evaluating the Feasibility of a Multi-Purpose Levee, released last month. The massive project, which would complement a protective berm being built on the Lower East Side, is “technically, legally and financially feasible,” according to the document’s authors.