To fix ailing subway system, experts say MTA should get funding from rising property values

“Value capture,” as it’s known, is “the solution of the moment,” according to some

The article cites research by Giancarlo Falcocchio and Constantine Kontokosta, professors in the department of civil and urban engineering at NYU Tandon.

… One proposition that’s begun to generate chatter—and even has Cuomo’s support—is “value capture,” or taxing building owners whose properties increase in value as a result of being near transit. … In Manhattan’s main business corridors, from 60th Street south, the benefit of being near a subway adds $3.85 per square foot to the value of commercial property, according to calculations by two New York University [Tandon School of Engineering] engineers.


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