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Case Studies in New York City Property Development

Public money for private benefit? Scott Baker examines a selection of development projects in New York City, and evaluates the economic benefits given to encourage development.

Scott Baker is President of Common Ground NYC and a senior editor at Opednews.

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  • Scott B.

    A Crain's article today describes how Bloomberg has begun his last great "affordable" housing project. What's affordable? "a family of four making between $111,670 and $141,735 annually." Well, many people would consider that upper middle class, and for this we give multimillionaire developers tax breaks?!
    Read the rest here:[RED]%20Alert&utm_medium=alert-html&utm_campaign=Newsletters

    December 5, 2013

  • Scott B.

    Mayor-elect Bill de Blasio is looking more like a Georgist every day!
    From Crain's Business Daily:
    "De Blasio tells lot owners to pay up. Bill de Blasio's bid to close a tax loophole could force landlords to build new housing on their vacant plots or sell out to those who will.
    On an irregularly shaped block in the Bronx, a 3-acre property's assessed value has soared from $716,000 to $9 million, according to city records.
    Because the property is zoned for residential use, the Olnick Organization pays <$8,000 annually in property taxes on that residential portion.
    Cases like that spurred de Blasio to push for tax hikes on vacant land to force owners either build housing or to sell it to those who will. The plan would hike yearly rates an average of $15,300."
    We have to get busy writing to and visiting our Assembly members & State Senators to encourage them to finish what de Blasio started & that is what CGNYC will be doing over the next month.
    Let me know if you would like to join us.

    November 25, 2013

  • Scott B.

    Fred Harrison just released the first of several videos based on our time discussing NYC and the inequities of its property taxation and development. I posted an article containing the video and my presentation here:

    1 · November 24, 2013

  • Scott B.

    vacant properties that are taxed at 1/10th the rate of a building just next door, $90 million dollar apartments on the newly minted "Billionaire's Row" (57 street), poverty and homelessness - ALL of these issues have one common cause and cure - a Land Value Tax! See how by attending this seminar.

    1 · October 28, 2013

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