The Traderszone Network

Published in TZ Latest News 28 November, 2016 by The TZ Newswire Staff

Large swath of city-owned property is underutilized: report

City agencies control 14,000 properties across the five boroughs — but a hefty chunk of these aren’t being used, a new study argues. Roughly 20 percent of the 43,000 acres owned or leased by the city are classified as having “no current use,” the Municipal Art Society of New York found in a recent study. A majority (2,726) of these 3,162 properties are vacant, according to the report. MAS noted that the amount of underutilized … [more]

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