NEW YORK — The New York plaza commandeered by activists near Wall Street is owned by the sort of corporation they are protesting.Comment on this story
Brookfield Office Properties is a wealthy real estate corporation that owns Zuccotti Park, the plaza where protesters have camped out for weeks. Brookfield tried and failed to kick the protesters out last week to clean it, but its options are limited.
Zuccotti Park is among more than 500 "bonus plazas" in New York City. Bonus plazas are privately owned public parks created as a compromise between the city and developers. In exchange for breaks in zoning law, developers must build a plaza to provide "light and air" for the people on the street.
Some experts think bonus plazas could launch a new chapter of activism in the city's history.