Guess what?: The new tower is not the 20-story tower or the 30-story tower previously reported about in the press. It seems to be 36 stories (perhaps, with super-high ceilings, the equivalent of a taller building) with leeway in its zoning envelope to grow.
Here, below, from the slick developer presentation the Brooklyn Heights Association chose to, and waited to be, a conduit of:
Brooklyn Community Board 2 Land Use Committee June 17, 2015: ULURP Hearing- First Hearing About Whether To Sell & Shrink Downtowns's Brooklyn Heights Library (Tillary & Clinton)Meanwhile, quite relevant to what’s unfolding, there’s an article in the Brooklyn Heights Blog about Saint Ann’s, a private school, and its transfer of library development rights to this development. Saint Ann’s is taking cash and no longer taking any property for its involvement in this transaction.
What is reported in the Blog does NOT mean that Saint Ann's won't be benefitting from the deal, or that the benefit to Saint Ann's won't continue to HELP DRIVE this deal: Saint Ann's, selling its development rights, will still be getting very substantial cash (with which it could even subsequently buy that cultural space condominium Mr. Kramer, the developer, offers in the Blog article)- This information comes out just days before FIRST EVER hearing this Wednesday. That hearing starts the process to decide whether public approval should be given to sell and shrink a major NYC library, this one.
Previously it appeared Saint Ann’s was getting cash and property for its development rights. That property could have been a 20,000 square foot student theater. Based on these calculations, that theater (of "the an absurd public rip off") might have had a value of about $41.7 million. So what is Saint Ann’s now getting?: That ($41.7 million) plus more cash? Maybe $50-$55 million free and clear? While the Brooklyn Public Library nets considerably below $30 million? Perhaps effectively less than ZERO?
If these guesses about who is really getting the most benefit, a private school or the public, seem unfair, remember that this is information that Citizens Defending Libraries (of which I am a co-founder) has asked be disclosed by the BPL. The BPL devoted to its infinite lack of transparency has refused to provide the information.
Here is more recent relate NNY coverage of the library sale:
• Sunday, June 14, 2015, Selling a $100 Million Plus Library For What? A Pittance! More Transparency Please.
• Monday, June 15, 2015, Municipal Art Society, Once Venerable, Becomes Platform For Disseminating Misinformation Promoting Development, In this Case Backing Library Sales and Shrinkage
• Saturday, June 6, 2015, WNYC Reports Mayor de Blasio's "Furiously Raising Funds"- Including From Developers "Lurking Behind The Curtain" of Library Real Estate Sales- And WNYC's Money?
• Saturday, June 6, 2015, Real Estate Deal Revelations In Scott Sherman's New "Patience and Fortitude" About NYPL Central Library Plan Fight: Observer-Owning Kushner Family In At Outset of Donnell Sale