City starts process to seize East Harlem Urban Renewal Area
“The city has commenced eminent domain proceedings with the ultimate goal of building a $700 million East Harlem Media, Entertainment and Cultural Center.
The city’s Planning Commission in 2008 approved the acquisition of property on which the 1.7 million-square-foot project would rise. Upon completion, the center was originally imagined to include affordable housing, retail and cultural space. But the developers have since run into problems.”
The Real Deal 21 February 2014.