There are a couple of NYC-related links that I’ve been saving up, so here they are:
1. Stephen Goldsmith, former mayor of Indiannapolis and NYC’s new deputy mayor, appears to be interested in privatizing New York City’s parking meters in order to balance the city’s budget. We’re more interested in the extent to which it will raise parking prices closer to a market rate, but wary of the city locking in parking policy and therefore not being able to experiment with more radical reforms down the road.
2. Bruce Ratner’s new Lower Manhattan apartment building, designed by Frank Gehry, with studios starting at $3,000/mo., is receiving an affordable housing tax abatement.
3. Comptroller John Liu’s task force on “what the city can and should demand from developers of publicly subsidized projects” has collapsed in a series of public resignations and dissensions. Fortunately, it looks like a potentially lethal beast has been slain:
In a letter to the task force co-chairs, four dissenters wrote that the task force’s recommendations would create “additional red tape and bureaucracy and ultimately waste taxpayer funds on a new set of city-funded consultants.”
“In today’s increasingly competitive environment, a proposal like this would make New York a more difficult place to do business and to build,” the four dissenting task force members wrote in a letter reviewed by the Journal.
4. The Gotham Gazette discusses the city’s Economic Development Corporation, which should ring a bell for anyone interested in NYC real estate. The article claims that it’s the most significant planning entity in New York City, and that its rise has come on the back of inclusionary zoning and public-private initiatives. A lot of this is includes affordable housing mandates (usually about 20%) within otherwise private buildings, which the Gotham Gazette says are included in most new big luxury residential projects in the city.