You may have noticed that the Real Estate Board of New York (REBNY) have been making some noise lately about how much of Lower Manhattan has landmark protection. This is really no surprise to anyone who has been paying any attention for the past 50 years – Lower Manhattan includes some of New York City’s oldest concentrations of historic architecture and strong communities who have invested a lot of time, energy and money in maintaining, protecting and revitalizing them.
What’s strange is that the folks at REBNY think this is a bad thing: “We think the city’s future is tied to growth. We think we need to generate new housing, generate new jobs, that generates new tax dollars. If we start landmarking more and more of the city, we are landmarking away the city’s future economic growth” REBNY President Steven Spinola recently told NY1. Continue reading