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Travis Terry


DeLoach, Michael


James Capalino


RE: St. John"s Terminal/Pier 40


Wednesday, April 23, 2014 5:43:08 PM

Hi Michael,

The major reason to go through a GPP process rather than a ULURP is timing. In order for HRPT to

monetize the sale of air rights along the whole park (which starts at the Battery and goes to 59 th Street), a ULURP has to be done that reviews that entire stretch of land. This will take 3-4 years at minimum. The GPP can be done in 12 months which allows for the transfer of money to save Pier 40 and stabilize HRPT happen much quicker. I should also note that our client will not wait the 3-4 years for the ULURP as they have a reasonable as-of-right project ready to go. Finally, Pier 40 is technically under state ownership so there is a jurisdiction for them.

Last point I would note is that we are fully committed to a thorough community consultation process with the community similar (if not more robust) to a typical ULURP process.

Hope this helps. Let me know if you need anything else.

All the best, Travis

From: DeLoach, Michael [] Sent: Wednesday, April 23, 2014 3:11 PM To: Travis Terry Subject: RE: St. John's Terminal/Pier 40

Can you please elaborate on the benefits/need for bypassing ULURP again?

From: Travis Terry [] Sent: Wednesday, April 23, 2014 8:52 AM To: DeLoach, Michael Subject: Re: St. John's Terminal/Pier 40

Hi Michael,

Just checking in to see if you have everything you need. If you have any other questions or want clarifications on the project, please let me know.

All the best, Travis

Travis H. Terry Chief Operating Officer