General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBREAKING NEWS: Construction crane at 57th & 7th Ave has collapsed; hanging over side of building
GreenPartyVoter
(72,377 posts)Ruby the Liberal
(26,219 posts)Barack_America
(28,876 posts)The things that topple are what worry me the most with this storm.
Cal Carpenter
(4,959 posts)which has been discussed here a few times in recent months. I just saw this on some livestream I was watching...maybe the ABC local in NYC.
Oooh they're talking about it again, link:
http://abclocal.go.com/wabc/livenow?id=8857235
Cal Carpenter
(4,959 posts)so people stay out of the streets there.
This is a construction site on central park with luxury condos that are selling for $80-90 million or some insane shit. Billionaire's club.
CheeseHead316
(34 posts)since I heard some are not getting indoors where they should be during this horrible hurricane.
Another thing though is that the top isn't finished. Depending on how fierce the winds go, it could rip that right off!
Melinda
(5,465 posts)God obviously hates one percenters!!
nc4bo
(17,651 posts)with the forces of the wind.
jsr
(7,712 posts)dixiegrrrrl
(60,010 posts)TwilightGardener
(46,416 posts)the sidewalk, boy howdy.
Cal Carpenter
(4,959 posts)Source: CNBC
The billionaires paying more than $90 million for top apartments at the new One57 tower in New York have some very special amenities. They get more than 10,000 square feet, 75 floors above Manhattan. They get VIP concierge and doorman services, along with some of the best views in the city.
But they may also get a less publicized benefit: tax breaks of more than $150,000 a year from a program aimed at low-income housing.
According to financial documents obtained by CNBC, One57 may receive a tax abatement under a long-existing city program designed to provide more low-income housing. The program, known as 421-a, gives developers tax breaks for 10 to 20 years, which are then passed on to buyers. At One57, those savings may be substantial.
... "This is an outrageous giveaway," said Brad Lander, a New York City councilman who has worked to end tax breaks for luxury condos. "We can't afford to be giving away millions of dollars in tax breaks for nothing."
http://www.democraticunderground.com/1014262615
One57, a 1,004-foot tower under construction in Midtown Manhattan, will soon hold the title of New Yorks tallest building with residences. But without fanfare from its ultraprivate future residents, it is cementing a new title: the global billionaires club.
The buyers of the nine full-floor apartments near the top that have sold so far among them two duplexes under contract for more than $90 million each are all billionaires, Gary Barnett, the president of the Extell Development Company, the buildings developer, said this week. The other seven apartments ranged in price from $45 million to $50 million.
The billionaires club includes several Americans, at least two buyers from China, a Canadian, a Nigerian and a Briton, according to Mr. Barnett and brokers who have sold apartments in the building, at 157 West 57th Street. Mr. Barnett said that at least a few buyers were significant Forbes billionaires.
Since late last year, the trophy end of New Yorks real estate market has been recording eye-popping sales that seem to have little basis in reality. The signed contract for the nearly-11,000-square-foot duplex on the 89th and 90th floors of One57 that sold for about $95 million topped the record sale in March of a penthouse at 15 Central Park West to a Russian billionaires daughter for $88 million. In June, Steve Wynn, the Las Vegas casino magnate, paid $70 million for a duplex penthouse apartment above the Ritz-Carlton.
http://www.democraticunderground.com/1014236800
Melinda
(5,465 posts)Just when I thought (and in honor of) nothingshocksmeanymore.
Still missing you, teena!!
-Mel
doc03
(35,344 posts)street in Atlantic City, I hope a traffic light falls and knocks his ass out.
CheeseHead316
(34 posts)All they want is a story. THEY may actually be the next story/statistic if the lights don't come on in their heads.
Myrina
(12,296 posts)90mph winds vs. a construction crane?
Even Mittens would probably have called that one correctly.
NYC Liberal
(20,136 posts)The billionaires paying more than $90 million for top apartments at the new One57 tower in New York have some very special amenities. They get more than 10,000 square feet, 75 floors above Manhattan. They get VIP concierge and doorman services, along with some of the best views in the city.
But they may also get a less publicized benefit: tax breaks of more than $150,000 a year from a program aimed at low-income housing.
According to financial documents obtained by CNBC, One57 may receive a tax abatement under a long-existing city program designed to provide more low-income housing. The program, known as 421-a, gives developers tax breaks for 10 to 20 years, which are then passed on to buyers. At One57, those savings may be substantial.
Cal Carpenter
(4,959 posts)As of now, they are evacuating the whole area. They are afraid it will literally bounce around and smash into buildings.
The cops say there is really nothing they can do, so they are preparing for if it falls.
The winds are picking up...
Fucking hell.
eta: Link to stream I am watching:
http://abclocal.go.com/wabc/livenow?id=8857235
They are covering this a lot but also the storm in general, there may be better links but this is what I happened upon...
TwilightGardener
(46,416 posts)liability insurance policy, for sure.
mindwalker_i
(4,407 posts)As long as it doesn't need an abortion, it's covered.
titaniumsalute
(4,742 posts)Hope it doesn't fall.
JawJaw
(722 posts)Even if it doesn't drop off in the wind, how the hell are they going to get that thing down safely?