Terreform One Finalists Secure a Stormproof Future

City Terrain, International
Wednesday, October 23, 2013
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Hybrid Edge, Finalist (One Prize 2013)

Hybrid Edge, Finalist (One Prize 2013)

Through Stormproof, an open international design competition for building resilient cities, Terreform One has pursued many viable solutions for a stormproof future. Students and professionals were challenged with preparing cities for imminent confrontations of extreme climate change. Twenty finalists were chosen from 168 teams comprised of 310 participants based in over fifteen countries, and by employing complex designs such as barrier islands to mitigate storm and flood impact, participants have recommended solutions that revive and repurpose present infrastructure.

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Lowline Advocates Tout Economic Benefits of Proposed Subterranean Park

East, Newsletter
Thursday, December 27, 2012
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(Courtesy Lowline)

(Courtesy Lowline)

Lowline boosters James Ramsey and Dan Barasch spoke with the Wall Street Journal this week, shedding light on a few economic details surrounding what could become New York City’s first subterranean park, built in an abandoned trolley terminal owned by the MTA underneath Delancey Street in the Lower East Side. Project co-founders Ramsey, an architect and principal at RAAD Studio, and Barasch have most recently been working on creating a full-scale mock-up of their fiber-optic skylight that will bring natural daylight to the cavernous underground space after raising $155,000 on Kickstarter.

The team is now promoting the park armed with a new economic impact summary, claiming that it will add value to the adjacent Seward Park Urban Renewal Area (SPURA). Specifically, Ramsey and Barasch argue that building the park would boost SPURA land values by $10 to $20 million and generate up to $10 million in taxes over the next 30 years. The Lowline also revealed its estimated budget, clocking in somewhere between $44 and $72 million to be paid for by a combination of fundraising, donations, and tax credits. If all goes according to plan, the Lowline could be financially self-sufficient, with a $2 to $4 million operating budget paid for by special events and commercial space. Uncertainty still looms over project, however, as the MTA hasn’t agreed that the space will be allowed to be converted into a park.

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