MTA urged to sell Jay Street building

The cash-strapped Metropolitan Transportation Agency should sell a valuable piece of property in Downtown Brooklyn to private investors, a local development corporation says.Michael Burke, of

DOWNTOWN BROOKLYN - The cash-strapped Metropolitan Transportation Agency should sell a valuable piece of property in Downtown Brooklyn to private investors, a local development corporation says.

Michael Burke, of the Downtown Brooklyn Partnership, says 370 Jay St. is worth tens of millions of dollars, despite being vacant for years. He says the MTA should sell the building so it can house small businesses instead of going forward with a $184-million renovation project.

The MTA plans to turn the building into a business services center where 450 employees would work.

advertisement | advertise on News 12

Trending Video

News 12 takes to the street to ask 1 Word on the Street: Compliment Day
2 Nor'easter conditions pound Canarsie
3 VIDEO: New Park Slope restaurant combines burgers and burritos
Coney Island saw heavy rain, high winds and 4 Rain, high winds, waves batter Coney Island
Con Edison has offered a few tips you 5 Con Ed offers storm safety tips

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE