The Observer notes the developer of the controversial New Domino project, CPC Resources, has paid $1 million dollars lobbying the city, local politicians, and a handful of nonprofits in the area. They’ve somehow successfully convinved a number of organizations and most notably, Councilwoman Diana Reyna, that the development will bring affordable housing, new jobs, and open space to the neighborhood. Still, nobody on that side of the aisle gives a damn about the strain on local infrastructure that’s to come with thousands of new residents marching down the Bedford subway stairs in the morning to get to their jobs in Manhattan.
What’s funny is CPC is some kind of non-profit primarily owned by banks — Bank of America and JPMorgan Chase are investors — that’s betting the farm that “artists with a budget” like these clowns will move to Williamsburg for its industrial space and “the hipsters.”
Councilman Steve Levin, still holding it down for the good side, has hinted that he won’t vote for the project unless CPC knocks the building down a few floors and includes more affordable units.