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QC02092017

10 THE QUEENS COURIER

10 THE QUEENS COURIER • FEBRUARY 9, 2017 FOR BREAKING NEWS VISIT WWW.QNS.COM Great rates like ours are always in season. 7-Month CD 1.10 % APY 1 $5,000 minimum deposit 13-Month CD 1.25 % APY 1 $5,000 minimum deposit To qualify you must have or open any Flushing Bank Complete Checking account. 2 Get the complete access and control you desire with a competitive interest rate and banking on-the-go with our Flushing Bank Mobile 3 app. For more information and to find out about our other great offers, visit your local Flushing Bank branch, call 800.581.2889 or visit www.FlushingBank.com. Small enough to know you. Large enough to help you. 1. New money only. APY effective January 19, 2017. Annual percentage yield assumes principal and interest remain on deposit for a full year at current rate. Minimum deposit balance of $5,000 is required. Funds cannot be transferred from an existing Flushing Bank account. Premature withdrawals may be subject to bank and IRS penalties. Rates and offer are subject to change without notice. 2. A Flushing Bank checking account with a $5,000 minimum balance is required to receive the advertised rate. Certain fees, minimum balance requirements and restrictions may apply. For new IRA and rollover accounts, the minimum deposit balance is $5,000. A checking account is not required for IRA accounts. Speak with a Flushing Bank representative for more details. 3. Flushing Bank Mobile Banking is available to all Flushing Bank online banking users. Mobile carrier fees may apply. Flushing Bank is a registered trademark Two chances a week to win $1,000 a day for life. Drawings every Monday and Thursday. © 2017 New York Lottery. You must be 18 years or older to purchase a Lottery ticket. Please play responsibly. For help with problem gambling, call 877-8-HOPE-NY or text HOPENY (467369). nylottery.ny.gov

FOR BREAKING NEWS VISIT WWW.QNS.COM FEBRUARY 9, 2017 • THE QUEENS COURIER 11 $19B to redevelop Sunnyside Yards: study BY ANGELA MATUA amatua@qns.com @AngelaMatua The long-awaited study to determine how feasible it would be for the city to develop the 180-acre Sunnyside Yards was released on Feb. 6, and it found such a project would come with a staggering price tag. According to the Economic Development Corporation (EDC), Mayor Bill de Blasio’s plan to build a deck over the rail yard, which is owned by the MTA and Amtrak, could cost between $16 and $19 billion. Sunnyside Yards also serves New Jersey Transit and Long Island Rail Road, where storage tracks and maintenance facilities are being built as part of the East Side Access project. The EDC proposed three different test cases that would focus on developing a mostly residential project, a “live/work/play” project or making it a “destination” project with mostly mixeduse development. The residential option would create between 18,000 and 24,000 units of housing. About 5,400 to 7,200 of those units would be considered affordable The city conducted a study to analyze the feasibility of building over Sunnyside Yard. housing. According to the test case, 13 to 19 schools would also be built on the property if that option was chosen. The second test case would contain office space, retail, 10 to 14 schools but less housing. The third option would create no office space but would contain 16,000 to 22,000 units of housing, 600,000 to 800,000 square feet of neighborhood retail and 10 to 14 schools. The study found that decking and construction is feasible in 80 to 85 percent of the yard and 15 to 20 percent, primarily over the Main Line, is infeasible. Areas of the yard that are “cost prohibitive” or infeasible could become parks, roads or open spaces. A 70-acre area deemed the “Core Yard” would be ideal for initial development, according to the study. The development would require “thoughtful phasing and sequencing of investments” over a 15-year period and a “significant expansion” of mass transit would be required Rendering courtesy of EDC to support the influx of residents and employees coming to the area. “Sunnyside Yards represents one of our greatest opportunities to invest in the affordable housing, good jobs, open space and public transit western Queens needs,” said Deputy Mayor for Housing and Economic Development Alicia Glen. “Working with independent engineers, Amtrak and multiple agencies, we have taken a hard look at what it will take to build over the Yard. It’s challenging, but it’s both physically and financially feasible. Local elected officials are more skeptical about the feasibility study. State Senator Michael Gianaris said he would not support a plan without approval from the surrounding community. “Any future development must ensure adequate infrastructure to handle our growing population, including additional schools, parks and open spaces, and vastly improved mass transit, particularly on the 7 line,” he said in a statement. Now that the study has been completed, the city will collect feedback from surrounding communities beginning this spring. In 2018, Amtrak will begin constructing a new High Speed Rail Facility in Sunnyside Yards to accommodate new trains. EDC and Amtrak have agreed to a plan that will allow the city to build above this new facility. The city will also work to conduct an analysis to come up with “local and regional transportation solutions, a refined development program, and a strategy for governance and implementation.” EST. 1940 ANTIQUES & STERLING WANTED TOP DOLLAR PAID We Come To You! PROMPT & COURTEOUS SERVICE We Purchase all Gold, Antiques, Mid-Century and Pre-1950 Furniture, Paintings, Rugs, Sterling Silver, Bronzes, Jewelry, Bric-a-Brac, Marble Figures and Marble Top Furniture, Fine Porcelain, Entire Contents of Estates. Rugs and Paintings Wanted SHERBEE ANTIQUES Andrew Korman, Proprietor 718.762.7448 / 917.748.7622 ALL TIFFANY ITEMS WANTED

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