Wow: Hereās an actual ray of hope on Gothamās housing insanity ā with local lefty pols for once helping part the ź¦Æclouds. š ;
After a Post investigation shedį©į©į©į©į©į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©š±į©į©į© light on the issue, Manhattan Borough President Mark Levine and most of the boroughās City Council delegation will join Gov. Kathy Hochul and Mayor Eric Adams in pushing to kill the insane floor-area ratio (FAR) cap of 12, part of a 1961 state law that’s been a prime driver of the Big Appleās housing crisis for decades.Ā
The aim is to repeal it in the state budget. Joining Levine are progressive council memšbers like Yusef Salaam, Keith Powers, Shaun Abreu and Julie Menin.
Thatās right: The madness of the rule is so apparent, even hard lš»efį©į©į©į©į©į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©š±į©į©į©ties are catching on.
The FAR cap requires that buildings be no bigger than 12 times the size of their lots: It’s why the city’s stopped seeing new edifices like the elegant, massive, super-stylish apartment buildings that line Central Park West.
Instead, we getš½ plenty of āpencilā towers ā ultra-š°skinny skyscrapers like the Steinway Tower on West 57th, more than 1,400 feet tall but containing only 60 apartments.
The law’s cost the city an estimated 200,000 apartments since its passage, which (had they been built) would address almost 6ź¦0% of New Yorkās housing defšicit.
Levine & Co. will find themselves in conflict with mega-hypocrites like Assemblywoman Linda Rosenthal, whšo selfishly protects the law while living in an inherited, rent-stabilized UWS apartment.
But itās a noble battle, and for all our differenąµ©ces with them over the years ā and doubtless going forward ā on tš§his, Levine & Co. are dead right.
Repeal the cź¦ap and letš New York be glorious New York.