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Case Studies In Nyc Property Development

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Issues-Advocacy
Starts Thursday, February 6, 2014 at 12:30 AM for 120 minutes

   PAST EVENT

Location: The NYC Conference and Seminar Center, 71 West 23rd Street, New York, NY 10010

Why is there so much building in NYC, but so little affordable housing?  Why do so many people want to live and work here, yet the market does not meet the demand?

The answer may be literally beneath our feet, in the collective value of the Land.  The Land is part of the commons that gets its value not from any specific building, but from the demand of all of us who share and contribute to the commons. 

Common Ground-NYC and the Henry George School invite you to a seminar on the effect of under-taxing NYC land and over-taxing its buildings and improvements. 
 
By replacing the existing tax system with a split-rate tax that taxes land higher than buildings, we will encourage more efficient use of land and more opportunities for development that will provide jobs and businesses for the city.  The split rate tax has been used successfully all over the world to improve communities, ranging from Pittsburgh and Harrisburg, PA, to Singapore and Hong Kong.  It is perhaps the most proven economic theorem in the world.
 
The seminar will cover local examples of inefficient taxation ranging from McDonalds's (one of the biggest real estate owners in the city) to the new Billionaire's Row on 57 street.  At the end, participants will know where billions of dollars in city revenues can be found.  They will also understand how only the tax on land can actually spur growth and opportunity, unlike all other taxes that discourage productivity.
 
The seminar is particularly timely given Mayor Bill de Blasio's and Comptroller Scott Stringer's support for taxing vacant land at higher prices to encourage development .

Action steps given at the end will show activists how they can make New York City a vibrant, livable, sustainable, city for ALL its residents.
 
The seminar will be given at:
The NYC Conference and Seminar Center,
71 West 23rd Street, New York, NY 10010
6:30-8:30 on February 5. 
It will be recorded for webcasting as well.

 

Organization: Common Ground-NYC / Henry George School

Directions: 71 West 23rd Street, New York, NY 10010

Contact Info: Scott Baker (ssbaker305@yahoo.com)

(Registration Required)  

 

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opednews.com

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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