Land Rich, Pocket Poor: Making the Most of New York City Housing Authority’s (NYCHA) Unused Development Rights
Under existing zoning, Manhattan NYCHA properties have a combined total of 30.5 million square feet of unused development rights, equivalent to more than 35,000 units of housing or more than 11 Empire State Buildings – an asset worth potentially billions of dollars.
Issues:
date-month:
August, 2008
Source:
Manhattan Borough President Scott Stringer