The developers insist their project will be a win-win, touting job growth, a portion of units to be set aside at “affordable” rates and partnerships with local do-gooders in space that will be reserved for community groups. The development will pay $165 million in taxes per year, according to Helen Lee, executive vice president of F&T Group. She sees it as the next step in the evolution of Flushing, a mostly working-class hub of Asian culture.
Developers have big plans for Flushing, Queens waterfront; working-class community not convinced
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