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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


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.

 

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