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Trees Will Grow In Brooklyn

NEW YORK CITY-A park that's been planned for Downtown Brooklyn for some time has taken a giant step forward.

By Rayna Katz | Updated on July 10, 2013

NEW YORK CITY-The city finally landed the missing piece of the puzzle for a key Brooklyn project—a developer. The site is Willoughby Square, a public space that’s slated to feature a park above a large, high-tech parking garage, and the developer that’s stepped into the project is (appropriately enough), the Willoughby Operating Co. an affiliate of the American Development Group, according to the New York Times.

The company will lease the city-owned land with $6 million from city capital, the city’s Economic Development Corp. and private contributions from area developers, the Times reports.  Willoughby must be eager to work on the project—it has agreed to pay for any cost overruns and to finance the garage’s excavation and development.

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