Last updated: August 17, 2012 - 7:47am
After decades of neglect, the 300-acre Brooklyn Navy Yard, known as the Naval Annex Historic Campus, may be ready for a long overdue makeover. The nonprofit Brooklyn Navy Yard Development Corporation and a private developer, Douglas C. Steiner, have reached an agreement, contingent on city, state and federal financing, to convert the hospital complex into a media, technology and film hub. Steiner, who owns the adjacent Steiner Studios movie and television production center, would connect the site to his property to create a 50-acre lot to be called a media campus. The project, which would cost nearly $400 million and take 12 years to build, would use the nine historical buildings on the site and create five new structures for a total of 328,000 square feet, housing media companies and academic programs. There would also be 100,000 square feet of new stages for film and TV, including the first underwater stage in the country and the first back lot on the East Coast to feature a New York City streetscape.
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