The City of New York, like many other large landowners, has been selling its land for centuries. However, these last few months have brought what many consider to be a disconcerting flurry of real estate transactions as the city, citing a cash crunch, moves to sell off a number of schools, libraries and municipal buildings.
The city and others have lauded the sell-off as a way to bring much-needed monies to institutions that are in dire need of help. Trading in valuable real estate, we are told, will keep the city’s civic institutions afloat. If only it didn’t have the vaguely desperate vibe of a pawn shop swap.
Congestion grows in Brooklyn
Now that the finishes touches are being put on Barclay’s Arena, it has become apparent to neighbors and passers-by that the building will not be getting a coat of paint to cover its rusty exterior. Because it’s supposed to be that way. While this is old news to most neighborhood opponents—who zealously perused construction designs—it has surprised some others.
“I thought they were going to paint it,” commented one man to The New York Times, which has a story about the structure’s rusty surface.
An Arena Grows in Brooklyn
The residents in the neighborhoods bordering Barclays Arena will almost certainly be stuck with congestion and beer-swilling visitors, but at least they may be spared a multi-level nightclub.
The landlord is evicting Kemistry Lounge’s owners for non-payment of rent, putting a halt (if only a temporary one) to their clubbing brainchild, Brownstoner reports. That’s good news for those nearby the lounge’s would-be home at 260 Flatbush Avenue.
Curbed got its hands on new interior renderings for the Barclays Center, still under construction at the Atlantic Yards site in Brooklyn, and it looks ambitious.