Re:Full Shutdown of L Train to Be Halted by Cuomo
by ng12 on Thursday January 03, 2019 @05:37PM
(#18820023)
> (BTW I say "seize" because what you're proposing would never happen alone on any significant scale without eminent domain).
How so? Landlords would jump to sell their rent-controlled buildings to developers who are champing at the bit. City programs are the only thing preventing development from happening.
Re:Full Shutdown of L Train to Be Halted by Cuomo
by drugme on Thursday January 03, 2019 @05:54PM
(#18820157)
Landlords would jump to sell their rent-controlled buildings to developers who are champing at the bit.
This is wishful thinking, on a number of fronts.
For example one does not simply "sell" (meaning, in the context of proposed redevelopment: purge all the tenants from) a rent-controlled building in NYC. Or even an existing coop or condo building, for example.
You don't just seize and destroy neighborhoods that have been thriving and integrated for 150+ years, like the East Village for example. Which seems to be what you're proposing.
(BTW I say "seize" because what you're proposing would never happen alone on any significant scale without eminent domain).