April 9, 2015
Though landmarking has come under fire over the past year, with the Real Estate Board of New York claiming that historic designation limits affordable housing, the City Council is drafting legislation to alter the landmarks law in favor of historic preservation. As Crain's reports today, "Backers of the legislation say it will bring more clarity to a process that has been criticized for hindering development, but critics say the 'devil is in the details.'"
Headed up by Manhattan Borough President Gale Brewer and drafted by Councilmen Brad Lander, Stephen Levin, and Daniel Garodnick, the new legislation, among other stipulations, would automatically consider any building older than 50 years for historic designation and make it harder for developers to demolish a property in "landmarking limbo." This comes just four months after the Landmarks Preservation Commission released a proposal to de-calendar 94 historic sites and two historic districts. The plan was eventually receded, but signaled to many a turn in the city's policy.
See the full terms of the legislation here