I hope the state restricts the Garden’s operating permit and makes them pay full taxes on the property when their lease expires.

Smh.

Unbelievable that that creep Cuomo neutered Byford before he had a chance to do some genuine transformation of the MTA.

It’s amazing how technology has made society as a whole become lazier and in this particular case more entitled. Agree with you 100%.

No. Their ten year lease expires in July. And the city doesn’t want to renew. The city wants to relocate them somewhere else in midtown.

They’re not being forced out though. Their ridiculous lease is up.

Let Dolan pay for his new arena if it gets moved. That area is a dump anyway. And so are the Knicks and to a lesser degree the Rangers.

Limiting AFFORDABLE housing!!!!

The theory that increasing HOUSING supply will lower market rate prices for a neighborhood. The market will artificially inflate market rate pricing to make a profit(by not even creating affordable housing). L.I.C. and Downtown Brooklyn for example.

The only way to create affordable housing is to ACTUALLY build affordable housing. Not exclusively build luxury or market rate units that only raises market rates in a neighborhood.

That hope is absolutely that, hope. If anything it’s a pipe dream with the moronic supply side housing theory.

Yet another luxury building in the outer boroughs, smh. Sadly experiencing some of the slumlord treatment many others in Greenpoint receive.

This is cool.

If calling the commodification of housing common sense makes you somehow smart then I definitely don’t want to follow your loser example.

Blah blah blah.

Of course not, but creating housing to alleviate a housing shortage was never the goal of developers in any borough. So it’s just common sense to call out the myth of increasing stock to drive down prices. It’s just a flat out money grab. It’s ok to be honest about it instead of this false virtuousness.

Trickle down philosophy is a fairytale. Less wealthy people(whatever that means)weren’t moving to adjacent neighborhoods in the first place. Battery Park, TriBeCa, Chinatown, are already unaffordable thanks to new developments in those areas along with new developments in FiDi. Just call it what it is the city as a whole is becoming a yuppie wasteland.

You get downvoted for stating the obvious?! This sub is absolute trash.

Rentals during the 00’s in L.I.C. were reasonable. As soon as the high rises that replaced the warehouses of the area spread like wildfire the rental costs skyrocketed with the luxury building boom. Your talking points are completely disingenuous.

The city has not had an uptick in population as the pandemic abated! What is this desirability you’re talking about?! Unbelievable.

Can’t stop laughing at this insane take. You must be a real estate broker or developer🤮

New York City population has dropped the past few years especially since the pandemic began and yet your tHeOrY about supply & demand hasn’t lowered housing costs despite a construction boom in the city. Not even close.

Absolutely not!!! Society should advocate for more affordable housing. There are smart people around who should and can devise new ways to incentivize building affordable housing instead of the endless luxury high rises popping up like weeds. The current model is NOT working.

Actually 100% agree with this take. There’s certainly no easy answer. But whatever we’re doing as a society isn’t currently working.

Oh please, the easy to see process of gentrification across the world says this supply side philosophy of increasing housing stock through luxury housing is patently false.

And in the process the more luxury rentals in the area will jack up the price of market rents. There’s also no guarantee that this development will even see those 1400 “affordable” units. Hudson Yards being a prime example of the bait & switch.