Recent comments in /f/nyc

LunacyNow t1_j9wmgnt wrote

A lawsuit would have no standing. MSG owns the property. If this is an eminent domain case then the government would need to compensate the owner when taking the property. Just like if the government takes someone's house to pave a new highway on the parcel of land - the govt HAS TO pay the owner of the house fair market value.

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>It is another word for condemnation - the right of the government to take private property for a public purpose. Various examples would be to make way for a road or public park, or to provide housing for disadvantaged persons. The United States and New York Constitutions require the government to pay you fair compensation if it takes your property.

https://ag.ny.gov/real-property/faqs-about-nys-eminent-domain-procedure-law

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akmalhot t1_j9wm795 wrote

Random tangent, expecting a downvites. But In 5-10 years you're going to start seeing the effects. If not sooner

Kevin O'Leary today said ny/nj/Cali are not investible now - "why would we put money into high cost, corrupt areas when we can have talent pools happily working elsewhere and remotely. Big companies have been running heir back offices from cheaper states for decades, now every company can do it . Why would we keep going where doing businesses is more expensive for no reason.

We don't need centralized tech, law, engineering talent anymore either - why would I put money in NY where taxes and business costs are exorbitant and AOC is chasing away anyone who wants to bring jobs.. remember the Amazon deal? ........"

I'll add on to that - Amazon got proposed tax breaks for hitting job targets - 25k high paying direct jobs + all the support jobs in Amazon and externally to support a bise ss of that size and it's employees. .... 100 million year - there are multiple industries who gets bigger tax breaks than that every year and the are INCREAsING them this year. Where is AOC ont hose tax breaks ?.

Not to mention the 2 new schools, the 2 new job out reach training centers, green space, 2 improved subways

Glad we "got the 3 billion dollars back to spend on other things " (that money doesn't exist, because the revenue never occured that would have been given credit for .... )

Yes yes ny always survived etc - you HAD to be in NY to do business before , it's not the case anymore . Not to the same degree....

Florida finance scene going nuts.

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TeamMisha t1_j9wkm47 wrote

I think you misunderstand. The scenarios all result in the legislated revenue of $1 billion. The MTA does not gain or lose anything based on which scenario they choose, they are all designed around recovering $1b. The end goal is not to maximize revenue, they forecasted and created these toll schemes using three goals: Reduce vehicle miles travelled by 5%, reduce inbound volume to the CBD by 10%, and meet the required revenue stipulated by the legislation. The scenarios will all vary how much the vehicle goals are met, but the end result is based around the required revenue. The biggest toll scenario is not necessarily the best option, that's why they came up with many scenarios.

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HEIMDVLLR t1_j9wk72y wrote

Local Los Angeles residents can do that now downtown, but have you seen how desolate it looks? This is also true in a lot of cities with downtowns. People like to hangout in other areas of the city.

The empty streets will be cool at first, but then it will be just like it was during the pandemic, a lot of people will begin to avoid it and stick to areas more populated and lively.

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TeamMisha t1_j9wk4md wrote

You can already see how their first implementation went, no? It's been in place since 2003. You can look back further as well, Singapore had a road pricing system circa 1998. Our system would be comparable to London's original implementation. Obviously the streets did not empty. I am not sure what else you would want to see or if you believe our implementation is somehow going to be vastly different?

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