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by mikewarot 924 days ago
NYC is currently optimized for extreme density, with a huge flow of commuters into offices that now are mostly empty. If you want it to turn back into lower density housing, you'll have to find a way to trim back expenses to the point where the debt loads of the city are sustainable.

Without the tax income from all those offices, and the surrounding shops, etc., NYC is unsustainable. It's been that way for a while, reality is catching up.

1 comments

The vast majority of workers commute on public transportation. NYC is extremely accessible via public transportation. Catering the city to cars isn't scalable.