(DNAINFO)  Noah Horowitz | July 27, 2017 — The plan to rezone a section of East Midtown — which the city estimates could result in 16 new skyscrapers over the next 20 years — is set to face one of its final hurdles Thursday.

The plan, which save for a few disputed issues has broad support from developers, local politicians and City Hall, is set to go before the City Council’s Land Use Committee at a hearing scheduled for 2 p.m., according to the Council website.

The proposal, which has been in the works since 2014, aims to promote development over a roughly 78-block area of Midtown centered around Grand Central Terminal. It would create several tools to fund public-works projects and preserve landmarks through direct sponsorship by developers of transit-improvement projects, the sale of air rights from landmarked properties and contributions by developers to a public-improvement fund.

Source: East Midtown Rezoning Plan: What You Need to Know – Midtown – DNAinfo New York