Industry City developers withdrew their application to rezone the Brooklyn property, prompting cheers from local elected officials and neighborhood groups who said the proposal would exacerbate unaffordability and gentrification in the working-class neighborhood. Business leaders bemoaned the rezoning’s demise, saying it would cost the city thousands of potential jobs at a time when the unemployment rate exceeds 16%. Andrew Kimball, chief executive of Industry City, said that politics had scuttled the proposal’s chances for...

Source: Wall Street Journal September 23, 2020 22:52 UTC