On the Market: Tax Breaks Realign Media Landscape as Time Follows Conde Nast Downtown

Brookfield Place.

Brookfield Place.

Time Inc. is getting $10 million in tax breaks to relocate to Brookfield Place, The Wall Street Journal reports. Which, along with Conde Nast’s impending move, might signal a shift in the media’s geographic center. The move also raises questions of why massive tax breaks are being given to shift business from Midtown to Lower Manhattan.

Police are trying to crack down on a high school fight club that has started to meet behind the Atlantic Center Mall in Fort Greene, DNAinfo reports. Unfortunately, someone fired a gun during the last melee, which is probably the end of a budding high school legend.

Yesterday City Planning chair Carl Weisbrod told the City Council that at least 15 neighborhoods would be targeted for more density and taller buildings, as part of the administration’s affordable housing plan, Crain’s reports.

The New York Times checks in on workers assembling the Thunderbolt in Coney Island, which is a complicated process. The exceedingly skinny coaster, with an unusual three seats across, is scheduled to open on May 31. “There will continually be new sensations,” says the coaster’s owner, “so riders won’t have time to be scared.” What is scary? Paying $10 for a 2 minute ride.

Gene Kaufman is suing the owner of the Hotel Chelsea, DNAinfo reports, claiming that they’re still using his architectural designs to overhaul the hotel. The owner, King & Grove, who rebranded the hotel group the Chelsea Hotels yesterday, fired Mr. Kaufman when it split with Joe Chetrit last year and hired Marvel Architects.

Among the charming remnants of the era when horse-drawn carriages were the way to travel: stable streets, which The New York Times’  Christopher Gray delves into, taking an in-depth look at 69th Street between Lexington and Third. However, the carriage houses were anything but beloved when in use in by horses, and less-fortunate neighbors often raised a stink about being situated next door to millionaire’s horse manure.

The Villager reports on how Gov. Cuomo wants to close the Pier 40 air rights transfer to St. John’s Terminal without its going through ULURP, a move that has angered many who think the Hudson River Park transfers should have to pass through city approval processes.

A rent-stabilized apartment in the East Village is poised to be a test case for whether or not rent-controlled apartments can be sold off in bankruptcy, The Wall Street Journal reports. The question hinges on whether the unit is a public-assistance benefit or not.

Bed-Stuy councilman Robert Cornegy has opened the borough’s first breast-feeding station at restoration plaza, a comfortable room with cushy chairs and a refrigerator for storing milk, according to DNAinfo. He got the idea after watching his wife struggle to find a place to breastfeed without occasioning dirty looks. On the Market: Tax Breaks Realign Media Landscape as Time Follows Conde Nast Downtown