A couple of points: (1) the BID (Business Improvement District) is a different entity than the CB (Community Board) that will be voting on the land use proposal. The BID is a coalition of local business owners, basically, and doesn’t have any direct role in the legal process.
(2) The CB doesn’t have power to “nix” the deal. They can vote for it or against it, but it’s an advisory vote rather than a veto. (That being said, it would be politically difficult to get this over the line if the CB votes against it.)
To be fair,
Gotham Gator has the ask correct. Cary Goodman is literally saying that 25% equity ownership in the stadium development should be distributed to current neighborhood business owners and residents.
He’s been on this bit for about about six months now, and I remain just as astonished now as I was when he first brought it up. I get the problem he’s nominally trying to address — CBAs, if poorly structured, can provide less benefit in practice than the headline agreement would suggest — but as a solution, This ain’t it, chief. Better just to make a better CBA.