Next week, the New York City Council will hold several hearings, including a full stated meeting where the Council is likely to pass a bill to approve a rezoning of the Inwood section of Manhattan after three years of contentious negotiations between elected officials and residents. If approved, this will be the fifth neighborhood rezoning to occur since Mayor de Blasio took office. Estimates have been reported that the rezoning will bring approximately 5,000 new market rate and regulated homes to the area, as well as 1.2 million square feet of retail commercial space and an investment of $500 million dollars into the community.
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