De Blasio administration considers major changes to NYC’s air-rights policy

Welcome back to the Herrick Zone.  We have a new editor and intend to revitalize the blog to keep you current on news and updates that involve land use and zoning issues.

De Blasio administration considers major changes to NYC’s air-rights policy

Herrick’s Land Use & Zoning team will be monitoring the developments of the De Blasio Administration as they consider policy recommendations in the near future over the city’s air rights. If the city decides to adopt any reforms, they would fall into two broad areas that were discussed at a meeting with city officials and stakeholders on September 30th. The first would involve private transactions, which allow developers to buy unused square footage from owners on the same block. The second area of discussion concerned landmarked buildings as owners often have the right to build much bigger structures but can’t because of the building’s protected status.

For the full article on Crain’s New York click here.

Please continue to follow this blog for updates and information.