This afternoon, the New York City Council voted to remove the Special Garment Center District Zoning Overlay, which has been in place for 30 years. This change took effect immediately, and the neighborhood is now released from regulations that restricted millions of square feet of space.
As part of this, IDA tax credits are being given to owners who agree to maintain space for manufacturing for the next 15 years, and the Garment District Alliance will organize programming to support and improve the manufacturing community in our neighborhood.
Our President, Barbara A. Blair, had the following to say after the vote:
“Today’s historic vote will ensure that the Garment District remains a hub for American fashion while at the same time unleashing the neighborhood’s full economic potential. This is a tremendous, pivotal moment for the future of our City, and I thank the Garment District property owners for playing a critical role in developing a plan that would preserve apparel manufacturing while positioning our neighborhood for continued growth. Special thanks to Mayor de Blasio, Speaker Johnson, Manhattan Borough President Brewer, NYCEDC and the City Council for making this a reality.”
For more information, see the NYC Economic Development Corporation Press Release