isolates the # of people who will fight for increase in capital investment, targets middle class residents instead of government policy or large developers, etc etc. the question should be what value are we creating, what's the (short and long term) public benefit?
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it seems clear to me that there is a short-term public benefit to rezoning soho/noho and creating a lot of low income housing in one of the city's wealthiest neighborhoods.
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it's also clear to me that the rezoning will create an immense amount of value (in one of the most valuable real estate markets in the world) for the developer class!
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which makes the longer-term costs/benefits harder to gauge! this is not the argument that is being made tho. the argument that is being made is "affordable for who" and its exclusionary and silly when applied to soho/noho!
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we should de-concentrate wealth as much as possible and honestly its clear that the soho/noho rezoning absolutely does that in the short term. in the long term it's less clear! in the long term, is lower manhattan under water? anyway we should have the debate on those terms imo.
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i also think its really...let's say....interesting...that some of same the landlords who are super coming after us re: eviction moratoria are also coming after other folks for wanting to rezone soho/noho now i shall log off
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Much of the issue seems to be that while progressives view developers as the enemy (they kind of are, but at least they want to actually produce something with social value), current landlords, whom developers are competing with, are unquestionably even more of an enemy
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I want developers to be focused entirely on production instead of having a side of land speculation, which is why I want to tax land
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I'm reminded of the fable of someone getting lost, asking for directions and being told "I wouldn't start from here". This issue came up in the Albany debate on Weds, an illustration of how twisted it's become. We need a whole new map.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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