Big investments in residential building in New York City indicate the strength of the city's economy, according to an article in Crain's New York Business.
"Spurred by the boom in residential building, total construction spending in the city will reach a record $39 billion this year and increase another 5% in the next two years," reports Greg David.
Citing projections from the New York Building Congress, David notes that the private sector is picking up the slack from the public sector: "Government spending, which accounted for more than half of all construction outlays in the previous two decades, will account for only a third this year"—though the article predates the recent approval of the MTA capital plan.
The article also goes into more detail about the relationship of the expiration of the 421-a tax break, which Josh Barbanel detailed in a separate article from July. "With [421-a] continuation beyond 2015 now dependent on a deal between builders and the construction unions over wages on 421-a projects, there could be another flurry at end of the year," adds David.
Read the full story: City construction soars as residential outpaces government spending
Sunday Funday: Game Simulates the Development Experience
Even though it's simplified, Inside the Rent provides a window into the logic of developers trying to get apartments built in New York City. The game's creators emphasize its educational value.
Op-Ed: New York's Affordable Housing More Corrupt than Helpful
A columnist takes the recent scandal involving disgraced former New York State Assembly Speaker Sheldon Silver as a particularly heinous example of how far astray affordable housing policy is from its intended goal.
Adaptive Reuse More Popular Than Ever, Study Says
The past decade saw more old commercial buildings transformed into residential buildings than any decade previous.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Study reveals best places in the U.S. for cycling, walking
New research from Streetlight Data examines bicycle and pedestrian miles per capita in the 100 largest U.S. cities by population.
DSA members accuse Mamdani of 'abandoning values' over housing redevelopment
New York City's mayor plans to replace about 2,000 units of public housing with private, mixed-income housing.
All sides of BRT debate unhappy with CDOT’s most recent move
The Colorado Department of Transportation is no longer considering center-running bus lanes for Colorado Boulevard.
Massachusetts bogs generate both power, and cranberries
Putting solar panels above farmland is one way Massachusetts is advancing toward its goal of net-zero carbon emissions by 2050.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello