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Tuesday, July 29,2008

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“ZONING IS NOT INVIOLATE,” BAUMAN RESPONDED. “IT’S NOT THE TEN COMMANDMENTS. IT’S NOT THE CONSTITUTION. ZONING IS WHAT EIGHT ALDERMEN SAY IT IS. WE CAN CHANGE THE ZONING AT ANY TIME.”

Million-Dollar Condos Could Be Added to Prospect Avenue
Bauman signals it’s OK to change zoning for wealthy residents B Y L I S A K A I S E R

East Side Alderman Robert Bauman has indicated that he’d OK zoning changes to allow New Land Enterprises devel oper Boris Gokhman to build a 27-story luxury condo development on the site of the historic Goll mansion at 1550 N. Prospect Ave. A New Land representative argued that the zoning change merely represents a “reallocation” of square footage currently allowed on that site. Bauman, whose district includes the east side of Prospect Avenue and the Goll man sion, seemed to buy that line of reasoning.

“Will you commit to stand by the current zoning for that property?” Bauman was asked during a July 17 neighborhood meeting to discuss Gokhman’s vision for the site. “No,” Bauman said. “So you’re going to change the zoning that’s been there for years?” pressed the questioner.

“Zoning is not inviolate,” Bauman responded. “It’s not the Ten Commandments. It’s not the Constitution. Zoning is what eight aldermen say it is. We can change the zoning at any time. We can change the zon ing so that you can build 60 stories. We can do that, too.” “Who are you representing?” the incred ulous questioner asked. “The developer or the neighborhood?” “I would be very happy to debate the pol itics and we can shut off the presentation and they can go home,” Bauman said. New Land’s PowerPoint presentation

was shut off briefly, and there was scattered applause throughout the increasingly com bative audience.

Million-Dollar Condos Overlooking the Lake

The proposed high-rise, which would be built between the mansion and the bluffs overlooking the Oak Leaf Trail bike path, would include 35 loft-style condos—two on each floor, although units could be com bined—with an estimated 2,500 square feet per unit. The “price point,” according to New Land architect Scott Kindness, is at least $1 million per condo.

The skyscraper would also include five floors of above-ground parking, nine out door visitor parking spaces and a private

CONDOS continued on next page >>

Historic Goll mansion on Prospect Avenue | Photo by Kate Engbring


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Elections 2008
Obama seeks greater rein on financial institutions (AP)

President Obama makes a statement on AIG, Wednesday, March 18, 2009, on the South Lawn of the White House in Washington, prior to departing for a trip to California.  (AP Photo/Evan Vucci)AP - President Barack Obama says he wants Congress to pass legislation giving the government greater regulatory authority over financial institutions like American International Group.


Sources: Pentagon to stop forced tour extension (AP)

US Department of Defense handout photo shows an aerial view of the River Entrance of the Pentagon. The US military successfully shot down a short-range ballistic missile near Hawaii in a test of its ground-based missile defense system, the Pentagon said.(AFP/DoD-HO/File)AP - The Army will substantially reduce use of the unpopular practice of holding troops beyond their enlistment dates and will pay $500 to those still forced to stay in the service, defense and congressional officials said Wednesday.


AIG head shares US anger of bonuses but backs them (AP)

In a Thursday, Dec. 11, 2008 file photo, Edward Liddy, chairman and chief executive officer of American International Group Inc., (AIG), speaks in Hong Kong. Liddy goes to Capitol Hill this morning, March 18, 2009, where he'll reluctantly defend millions of dollars' worth of bonuses doled out to employees despite the company's need for a $170 billion government bailout. (AP Photo/Kin Cheung, File)AP - The chief executive officer of failed insurance conglomerate AIG acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress.


Analysis: White House, Dems backpedaling on AIG (AP)

An AIG office building is shown Wednesday, March 18, 2009 in New York. Edward Liddy, chairman and CEO of American International Group acknowledged Wednesday to congressional interrogators that some of the insurance giant's executive bonuses are 'distasteful.'  (AP Photo/Mark Lennihan)AP - For the first time since last fall's election, Democrats and the Obama administration are backpedaling furiously on an issue easily understood by financially strapped taxpayers: $165 million in bonuses paid out at bailed-out AIG.


Pence: Return AIG donations (Politico)
Politico - House Republican Conference Chairman Mike Pence is urging politicians from both parties to strongly consider returning campaign contributions from AIG.
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Top Stories
AIG head shares US anger of bonuses but backs them (AP)

In a Thursday, Dec. 11, 2008 file photo, Edward Liddy, chairman and chief executive officer of American International Group Inc., (AIG), speaks in Hong Kong. Liddy goes to Capitol Hill this morning, March 18, 2009, where he'll reluctantly defend millions of dollars' worth of bonuses doled out to employees despite the company's need for a $170 billion government bailout. (AP Photo/Kin Cheung, File)AP - The chief executive officer of failed insurance conglomerate AIG acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress.


Obama seeks greater rein on financial institutions (AP)

President Obama gestures while making a statement on AIG, Wednesday, March 18, 2009, on the South Lawn of the White House in Washington.  Joining him, from left are, Council of Economic Advisers Director Christina Romer, Treasury Secretary Timothy Geithner, and Director of the National Economic Council Lawrence Summers.  (AP Photo/Evan Vucci)AP - President Barack Obama says he wants Congress to pass legislation giving the government greater regulatory authority over financial institutions like American International Group.


Consumer prices rise by largest amount in 7 months (AP)

In this March 10, 2009 file photo, Doug Kemp, of Sturbridge, Mass., pumps gas at the Ell-Bern service station in Boston. Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.  (AP Photo/Lisa Poole, file)AP - Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.


Arts

Going Out on a Pier to Buy A Home

Late last week, New York City went out on a limb, or a pier to be exact, to help a group of people in Queens. For almost 100 years the 17 houses on Beach 84th Street Pier were owned by the state or

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