NetQuarterLatte t1_j5k0mq2 wrote on January 23, 2023 at 3:44 PM

Reply to comment by Sad-Principle3781 in Opinion: NYC’s residential floor area ratio cap must go by ayyyyyyyyyyyyyyyyyyy

>also packing so much density in a single area would be bad for community resources in the area.

Unless the extra height is used to build a few more ultra-luxury penthouses in the sky.

In which case, they will sit mostly empty (some out-of-town billionaire who is not consuming any resources in the city) while paying taxes. Which almost anyone who puts ideology aside can see as net win for the city.

JeromePowellAdmirer t1_j5kj0u5 wrote on January 23, 2023 at 5:41 PM

Always gets me when people complain about that, just raise taxes on it and have fun with the free money.

NetQuarterLatte t1_j5klczw wrote on January 23, 2023 at 5:55 PM

We have lots of unused empty space in the sky.

Free money and jobs when constructing, free money with transfer taxes, free money when they pay property taxes.

And when they visit the NYC once or twice a year, let them spend money here too. Billionaires can go anywhere in the world. NYC is one of the few cities in the world positioned to capture their consumption money by the shovels.

Sad-Principle3781 t1_j5lj81e wrote on January 23, 2023 at 9:26 PM

The part about the tall height would mean almost certainly it would be luxury. In the best case: yea, it'll be an investment by wealthy foreign owners who would never live there or use any of the building/community services, but probably just as likely it'd be turned into an airbnb listing with a revolving door of new neighbors.