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OK Space Bonus For New Theaters/Alfred Miele

OK Space Bonus For New Theaters By ALFRED MIELE A plan to encourage the in the Times Square area was City Planning Commission Estimate for final approval. Under the plan, builders who put up buildings in a new special theater district would be given bonuses in the form of increased floor space if they include a legitimate theater in the plans. The bonus would amount to 44% additional office floor space, either in additional building height or in additional width, above and beyond the amount of floor space allowable under present building codes. Boundaries Are Drawn The new district would be bounded by 40th and 57th Sts. and Sixth and Eighth Aves. Originally, an area 400 feet west of Eighth Ave. was included, but the area was removed from the plans "to enable more consultation with persons living there so that we can come up with a plan satisfactory to all." One dissenting vote was cast at yesterday's planning commission meeting. Commissioner Beverly Moss Spatt voted "No" on the ground that builders construction of new theaters yesterday by the approved and sent on to the Board of firstshould not be given the extra to use as they see fit, with- space out considering the problems of Potraffic congestion and parking. Under the proposal, the builder be able to decide for him- would self how to use the extra floor arspace. Builders Spurn Theaters The reasoning behind the plan is that builders will not erect new theaters in the area historically known as the Thea- ter District-unless they are of- fered the bonus. the "Land is SO valuable in area that it is not economically feasible to put up new theaters,' said Planning "Office Commission Char-, man Donald H. Elliot. space produces much more reve- nue a than theater.' As a result of the proposal, two new theatres have been planned for construction--one on the site of the at 44th St. and Broadway, and the 4, col. 1) (Continued on page
Article from 02 Nov 1967Daily News(New York, NY)
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