- REAL ESTATE EDUCATION
- MEMBER SPOTLIGHT
- GIVING BACK
Central Park Shadow Talk Is 'Overblown,' REBNY Report Says
November 12, 2015
The Real Estate Board of New York has released a report based on a round-table discussion on the impacts of the city's latest group of sky-grazing towers. It should come as no surprise that the five panelists tapped to lead the discussion by the pro-development group ultimately found that accusations against the city's slew of new supertall development, especially concerning the buildings on Central Park South and the shadows they'll cast, "[ignore] the history of development and zoning in New York, [overlook] the zoning rules that applied to the building of towers, [dismiss] the economic benefits from these projects, and [are] in many instances misleading." To unravel these accusations, REBNY compiled the content of the discussion into a report arranged in the question and answer format.