Clock Ticking, Bloomberg Seeks Council Approval of East Midtown Rezoning Plan

Many leading figures in the real estate industry, and many construction unions, support the plan, as does the Regional Plan Association, an influential private research organization. But a broad array of Manhattan community boards, preservationists and elected officials contend that the rezoning has been rushed, and could overwhelm a neighborhood whose streets are already congested and subway lines overcrowded. Read the New York Times story.