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Roosevelt Island Town Race Brings Public Finance Gamble to Trial
Roosevelt Island faces a critical test as 2100 apartments prepare for rent and the UDC seeks $220 million to restart plans for the southern half. Officials tout progress on housing, schools, a tramway, and a 4-mile waterfront promenade, while critics warn of potential default and political risk if financing falters.
MENTIONED IN THIS ARTICLE
New York
Roosevelt Island
East River
Urban Development Corp
UDC
Island
New York City
Welfare Island
Robert Litke
Roosevelt Island Development Corp
Luke
Charlotte Schiff
Manhattan
59Th Street
Astoria
Queens
New Town
Roosevelt Island Bridge
Litke
Island House
Rivercross
Ravenswood
Main Street