
In an era when everyone is a real estate developer, there will never be another Steven M. Ross. The Related Co. head honcho has a nifty little idea for a new development he's planning on far West 42nd Street (between Tenth Avenue and Dyer*): a permanent NYC home for tripped-out Canadian circus Cirque du Soleil. Apparently, Ross wants to use a special city zoning regulation to get the job done:
The bonus would enable him to build a taller tower than would normally be allowed and reap the sales of ever more valuable apartments, in exchange for building a $140 million, 1,800-seat theater for Cirque. To make way for the project, Related has already demolished the 286-seat Houseman Theater and the 199-seat Fairbanks Theater on 42nd Street.Critics say such a commercial theater doesn't belong on far West 42nd, an emerging residential neighborhood and longtime home to underfinanced off-broadway theater. We say, who doesn't love a zany postmodern clown?