Hoteliers struggle in LIC
From the August issue: While it has been hailed as the next hot spot, when it comes to hotels, Long Island City appears to be struggling to live up to the hype, as new zoning restrictions and the credit crunch appear to be stymieing some projects. Thirteen hotels are in the pipeline for the Dutch Kills section of Long Island City, which stretches from the Queensboro Bridge to 35th Avenue and from the East River to 37th Street. The list of projects includes buildings from established chains like Holiday Inn and Clarion Inn. But so far, only three hotels have started construction. At least three proposed hotels have been rejected by the Department of Buildings.

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Anonymous
haha... told you guys not to buy there.
Comment #1 Posted By: Anonymous 08/23/08
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