According to notable English language scholar Homer Simpson, “mega” means “good.”However, the speakers and panelists at the Center for Urban Real Estate’s conference on New York City megaprojects took a slightly more detailed approach when attempting to define the term.
“I think it’s scale,” said Robert Yaro, president of the Regional Plan Association. “I think it’s a project that’s large enough to essentially transform an entire district of the city.
“To me, what makes a project a megaproject is not to much the size of the project but the size of the impact,” said Seth Pinksy, president of the city’s Economic Development Corporation partially agreeing with Yaro.
Stephen Ross, Related Companies chief, weighed in as well, saying that he thought “The most important thing is it’s transformative.” Read More