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Domino’s $1.3 Billion Makeover Hits Trouble: James S. Russell

With its grubby bricks, broken windows and rusting storage tanks, the old Domino sugar refinery looks more like a crumbling medieval fortress hunkering on New York City’s East River than the centerpiece of a $1.3 billion development.

Rewriting the common package deal, the New Domino project will first build homes for families earning as little as $23,040, which reflects an unusually deep subsidy. Luxury apartments will pay the bill.