EDC Responds to Elected Officials’ Letter regarding Air Rights

The Economic Development Corporation (EDC) responded to a letter from elected officials and made it clear that HHC only owns 341,000 sf of air rights and 685,000 sf are owned by the city on other sites. The letter shows that the building that HHC has proposed on 250 Water St is three times larger than what they could build given the current ownership and zoning. HHC’s proposal would require multiple ULURPs and the sale of city owned air rights.