Luxury High Rises Could Sprout Among New York’s Public Housing Towers

East
Thursday, February 7, 2013
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The Alfred E. Smith Houses in Manhattan. (Manuel Menal / Flickr)

The Alfred E. Smith Houses in Manhattan. (Manuel Menal / Flickr)

Luxury high rises could soon crop up right next to public housing. The New York City Housing Authority (NYCHA), saddled with a $60 million deficit and a backlog of 420,000 repairs, is in quite a fix and has come up with one possible, and potentially controversial, solution to raise the money. According to a recent story in The Daily News, the over-extended agency is planning on leasing playgrounds, parks, and community centers within public housing complexes to private developers who would be allowed to build a total of 4,330 apartments.

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