Tandon in the News
Landlords benefit from subways. Two NYU professors calculated how much that's worth
A pair of engineering professors are adding numbers to the debate over who besides riders should pay to keep subways running
- Matthew Flamm for Crain's New York November 17th, 2017
- Source: http://www.crainsnewyork.com/article/20171117/REAL_ESTATE/171119899/landlords-benefit-from-subways-two-nyu-professors-calculated-how
Mayor Bill de Blasio wants to tax millionaires to pay for subway repairs. Gov. Andrew Cuomo wants to make motorists cough up via congestion pricing. … Two NYU [Tandon School of Engineering] professors have run with the idea—conceiving of a “transit maintenance district” akin to a business improvement district—and calculated how much landlords should be paying to keep the trains running. “This high-density development could not function without a reliable subway system,” said Giancarlo Falcocchio, a professor of civil and urban engineering at NYU Tandon, who worked on the project with urban informatics professor Constantine Kontokosta.