NY's politicians have been failing us for a long time, and that includes our city councilman, Dan Garodnick, who has received truck loads of money from real estate and who, along with his fellow city council members, still upholds "air rights," which makes possible the disasters we are seeing pop up all around Manhattan. And who are the tenants for these high-rises? The mega rich who will not be spending much time in the city, and many of them, foreigners. Don't be surprised if the buyer of STPCV turns out to be some foreign company or a conglomerate that includes a foreign company whose interest in this property will be to bulldoze its buildings, getting rid of its middle class residents in the process, and put up similar high rises. The city may even offer up tax breaks for this screwing.
Not breaking news, but a good summary of what's been happening to this city, as affordable housing and the middle class are disappearing:
The disparity between rich and poor is underlined at the end of the article:
And at a time when more than 51,000 people — 21,000 of them children — spend the night in city homeless shelters, the contrast between penthouse opulence and street-level poverty is as dizzying as any view of Central Park.
One57, which broke ground during the recession, will receive tens of millions in tax breaks designed to encourage construction, which critics say would have occurred regardless.
"We're used to inequality in New York," says Benjamin Dulchin of the Association for Neighborhood and Housing Development, an advocacy group. "We're not used to it being subsidized by the taxpayers."
One player not mentioned in this article, and in other such articles, is an entity that used to have a significant hand in New York's construction business:
I wonder if we are still paying dues.