Submitted by Bruce Rosen, Nov 18, 2007 00:21

This speculation may be very good for a handful of very large brokerages with big investors but it works against all efforts at maintaining affordability to the vast majority of full-time city residents, as well as small businesses & institutions. It really suggests that it is long past time for the city to ply developers with zoning bonuses, tax exemptions, low interest bonds, publicly conveyed lands & the like under the assumption that this is all beneficial. Quite bluntly, would exempting New York City from the 13th Amendment to the US Constitution make sense, because there are certainly investors out there who'd jump on the opportunities?!

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