Rezonings, indictments and a “Shark Tank” star’s deal

As New York City prepares to elect a new mayor, Queens is set for a new chapter, courtesy of the outgoing hizzoner. On Wednesday, the City Council advanced the Long Island City rezoning, expected to create 14,700 new homes over the next decade.  The City Council Committee on Land Use and the Subcommittee on Zoning and Franchises voted in favor of the rezoning after the Adams administration promised to invest $1.5 billion in the neighborhood. The rezoning project is expected to net 4,300 affordable apartments and 3.5 million square feet of new commercial space.  In the same breath, the City […] This article originally appeared on The Real Deal. Click here to read the full story.