Assemblyman Joseph Lentol—who was quoted in a story published in the Greenpoint Star, yesterday, issued a press release today, regarding the NYC Housing Preservation & Development’s financial projections of CPC’s Domino development—making his opinions even more clear.  Read on.

Statement from Assemblyman Lentol: Examining the CPC Domino Refinery HPD Waterfront Analysis Numbers

This document, which says that back in 2006 it was possible for CPC to make close to half a billion dollars without even considering or accounting for the commercial or office space was hardly a shock to me. It is what we, in the community, have been saying for years, that there is no way that they are only just barely covering their costs.  I have said it over and over again. And when Domino gives me the same answer, that this plan with this height and this density is the only way to make the project work I have asked for them to show me the numbers and explain why that is. All I have asked for is transparency to prove why this height and density and impact is necessary to cover the cost of affordable housing and historical preservation and I have gotten a broken record and no transparency in return. Much less any reason why this they need to impact our city infrastructure in such a negative way without giving back. Now we know why: this project does not have to be nearly this high or this dense in order to cover the affordable housing be transparent with us!

READ MORE