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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 [mailto:mdeloach@cityhall.nyc.gov]

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 [mailto:travis@capalino.com]
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