New York City by implementing the different incentive schemes aimed at curbing the development of high density communities, provision of adequate public facilities, reducing public budgets by shifting maintenance costs to developers and creation of a vibrant urban center well connected by plazas, pedestrian walks and such. However, such schemes need to be readjusted to avoid unwanted results such as oversupply and high vacancy rates.
Due to its success in achieving these objectives 17.2% of responding local governments New York State offer incentive zoning programs.
In the late 1960s New York city significantly gained the overbuilding boom from incentive Zoning then in 1970s was creating the oversupply and vacancy rates that caused in lowering
Due to its success in achieving these objectives 17.2% of responding local governments New York State offer incentive zoning programs.
In the late 1960s New York city significantly gained the overbuilding boom from incentive Zoning then in 1970s was creating the oversupply and vacancy rates that caused in lowering