Mayor Bill de Blasio and Governor Andrew Cuomo can’t seem to agree on how to pay for desperately needed subway repairs, with the former favoring a millionaire’s tax and the latter opting for congestion pricing. However, two New York University professors think they have a better idea: why not make commercial real estate pay up?
Civil and urban engineering professor Giancarlo Falcocchio along with urban informatics professor Constantine Kontokosta have outlined what they call a “transit maintenance district” in Manhattan where they believe building owners heavily benefit from subway service, reports Crain’s.
Read the full article at https://ny.curbed.com/2017/11/20/16682338/nyc-subway-repairs-proposals-manhattan-transit-district
