Sentences with phrase «property near transit»

Not exact matches

Draft legislation obtained by Politico shows that the Cuomo administration is working on a value capture plan that would tax building owners whose properties increase in value as a result of being near transit.

Under that plan, the state would grab a portion of property taxes paid by commercial properties near subway stations to fund transit improvements.

Activate Potential in AirTrain / LIRR Transit Hub — incentives for absentee property owners to activate vacant and derelict sites near current AirTrain / LIRR transit hub for development of new housing, retail and business incubatorTransit Hub — incentives for absentee property owners to activate vacant and derelict sites near current AirTrain / LIRR transit hub for development of new housing, retail and business incubatortransit hub for development of new housing, retail and business incubator space.

Of the proposal to create special tax districts on developments near transit expansions, an idea known as value capture, Mr. de Blasio said such a move would «blow a hole in the city's budget» and allow the state to raid the city's property tax revenue, forcing him to cut back on vital services such as education or public safety.

Office property values rose 24.7 percent near transit versus 11.5 percent for non-DART properties.

Issues of concern at the city and county level, such as properties located in an airport flight path or near planned rapid - transit construction, may prompt your local board to recommend forms and disclosures.

Separately, Google and its development ally Trammell Crow are busy purchasing an array of properties in downtown San Jose where the tech giant intends to build a transit - oriented campus for 15,000 to 20,000 of its employees near the Diridon train station and SAP Center.

The study, The New Real - Estate Mantra: Location near Public Transportation, investigates how well residential properties located in a half - mile proximity to high - frequency public transportation or in the «public transit shed» have performed in holding their value during the recession compared to other properties in a given region.

This sample accurately projects the nationwide average (42 percent) variance among properties located near high - frequency public transportation and those that are located further away from public transit.