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development watch

New York Developers Can Gentrify Anything

"What’s unusual about this project is it’s being done in the middle of the wasteland." — Jerome Krase, professor emeritus of sociology at Brooklyn College and the former president of the Gowanus Canal Community Development Corporation, gets to the heart of the issue in a New York Times report on the Lightstone Group's plan to build a 770-apartment project on the Gowanus Canal. Its Superfund designation has scared off most other developers.

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