Bike Break - Property Tax Breaks for New York Landlords for Building Bicycle Storages
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New York City expects more than 1 million new residents by 2030.To prepare for growth, Major Bloomberg launched PlaNYC, a sustainable solution to New York City's future.PlaNYC's goal for transportation is to improve travel times by adding new transit options.Many subway lines and tracks are already used to capacity, making biking a critical method of alternative commuting.PlaNYC proposes 1800 miles of new bike lanes. However, storage and theft are identified as major obstacles that prohibit people from biking from work to residence.What is missing?Introducing BIKE BREAK.Urban Futurists propose that landlords receive aproperty tax break to convert unused building space into a bike storage.Both commercial & residential buildings will benefit from this legislation.-If you have a safe place to store your bike at home and at work you will use your bike to commute between these two places.
-Conversion of unused spaces will create jobs, increase real estate value, and stimulate economic growth.
- Commuters benefit
- Landlords benefit
- The environment benefits
- New York City benefits
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