'On Prospect Park': Nicely Designed Beneficiary of Tax Abatement Program

We walked by Richard Meier's "On Prospect Park" building the other day (mentioned on the Gowanus Lounge blog as "an example of a building that fits the scale of its surrounding and is nicely designed"). It's certainly coming along. It's also a beneficiary of the 421-a tax abatement program.

According to the Gowanus Lounge, the tax-abatement program "has run amok, and is routinely used to subsidize luxury housing." Like this one.

But wouldn't you?

More here.

Photo by MK Metz