The Save Safe Seconds Campaign greatly improved on-time performance and proved some of the deterioration in service was actually just overly aggressive signal timers and speed limits rather than whatever else the MTA made its scapegoat. Probably his best initiative and still paying dividends.

This is correct. They can only deduct rental losses against other passive income. It will lower their taxable income, but almost certainly not enough to offset the lost revenue.

Shocked the New York Post of all papers would try to stoke outrage against new stations in the Bronx.

https://www.nyc.gov/site/planning/plans/citywide-hotel/citywide-hotel-overview.page

I’ll even give you a source hostile to my own pov lol. Now that’s the last thing I’ll respond to here, look up the debate about it yourself and blow me.

Special permits (which exist for a number of other things) are extremely unlikely to be granted by city planning in practice. I agree with you that it was passed due to rent seeking by current hotels.

When was it started? It has a date after which it takes effect so a lot of projects filed/permitted in the past year or more are still being built.

A law passed last year made new hotels require a special permit; so while not explicitly, in practice they are effectively banned.

The city should probably re-legalize the building of hotels.