Yonkers Committee for Smart Development & I Love Yonkers
Yonkers Committee for Smart Development and I Love Yonkers ask YONKERS RESIDENTS to tell our City Council to take more time to vet the $1.2 billion SFC Project for the downtown and waterfront. Many unanswered questions remain about the funding, traffic, affordable housing, infrastructure, and public open space. The project may bring very, very little revenue to the city.The City Council still has six months under the City Charter to study the Environmental Impact Statement on the project.
We speak emphatically to the City Council and ask them to continue the pocess of thoroughly studying ALL the topics associated with such a massive redevelopment plan.
City Council: I/We join with YCSD to ask that you take more time to carefully evaluate the SFC downtown and waterfront redevelopment project. There are still too many unaswered questions in the Final Environmental Impact Statement. We are concerned that the city's financial advisors predict such a low rate of financial return to the city. It is disturbing that there has been an abrupt change in the financial instrument from Tax Incremental Financing to Payments in Lieu of Taxes. Furthermore, we have questions about the traffic; open space; high rises; and affordable housing. Thank you very much for your consideration.
