Wednesday, February 27, 2013

Elected Officials, Cobble Hill Association Attempt End Run Around Would-Be LICH Speculators

. . . by requesting a contextual downzoning for the site. Patch has more on the
story, which was also picked up by Curbed. It's a clever gambit that just might work by eliminating the
perverse incentive to kill the hospital for real estate millions.
Now, after some creative strategizing between Councilman Brad Lander and members of the Cobble Hill Association, a new 'contextual zoning' proposition could place height regulations and zoning restrictions on the medical center's property, possibly protecting LICH from a future sale.

Matching the contextual 50' height limit of the adjacent Cobble Hill Historic District would drastically reduce the value of the property to potential developers.

No comments: