Delays have been aplenty for the overhaul of the Brooklyn Marine Terminal. Another lengthy wait may be ahead after the state stripped a critical financing model from the budget. The payment-in-lieu-of-taxes program for the site is not expected to be in the final budget for New York, Politico reported. The PILOT program was considered essential for funding infrastructure improvements in the area; the waterfront redevelopment is not expected to proceed without it. Infighting among politicians representing the waterfront area is a big part of the problem. Democratic state Sen. Andrew Gounardes supports the project — and expects the budget measure […]
This article originally appeared on The Real Deal. Click here to read the full story.