The Adams administration is pushing forward with a $42 billion life sciences campus project at Kips Bay, rejecting housing plans for the city-owned site. The Economic Development Corporation aims to build educational and office space, including labs, for life science industries, citing job creation as a priority over housing. Despite calls for affordable housing amid New York’s housing crisis, the city maintains that residential development isn’t viable for this site. Critics argue that up to 3,600 units could have been built, but the project instead focuses on economic growth, targeting 3,100 permanent jobs in the sector.
The Adams administration
