Tax Commercial Vacancies

Back inwards 2015, Benny's Burritos shuttered on Avenue H5N1 afterward 27 years inwards business. The infinite is nevertheless empty, creating to a greater extent than high-rent blight, a plague that is swallowing hyper-gentrified neighborhoods across the city.

Someone has a suggestion.



H5N1 vacancy taxation has been on my want list for a few years now. Recently, Mayor de Blasio mentioned it on WNYC. He said:

“I am rattling interested inwards fighting for a vacancy fee or a vacancy taxation that would penalize landlords who piece of occupation out their storefronts vacant for long periods of fourth dimension inwards neighborhoods because they are looking for to a greater extent than or less top-dollar rent only they blight neighborhoods past times doing it."

Now the street is speaking.