Clipped From The Paris News
Racetrack May Be Converted Into Housing Project NKW YORK (AIM — The abandoned abandoned Jamaica racetrack in Queens may become the site of the largest cooperative middle-income middle-income housing project in the United United .Slates. The city board of estimate la.sl week approved in principle the purchase of the 173—acre tract. The project would cost about fi9 million dollars and include apartments apartments lor 6,^50 families. Occupants would make a down paymcni amounting 10 S500 a room, then a monthly maintenance maintenance rein oi J23 per room. The plan, recommended by the ciiy construclion coordinator, Robert Moses, would include about -27) apartment buildings of 14 stories, two schools, garages ior 450 cars and outdoor parking for 2,100 others, and landscaped areas. Mo.se.s wa.- jiven approval 10 negotiate with the state for financing financing by a limited profit mort- Saac corporation. A private developer developer would be chosen to do the job.