The New York City Waterfront: An Analysis of Municipal Ownership and Leasing of Public Land

摘要

This original compilation of location, size, use, and revenue of New York City's municipally-owned waterfront parcels offers a valuable management tool. Revenue from these properties is considerably less than their potential revenue and considerably less than the revenue of comparable private-owned properties. The city's lease price per square foot is about 39% lower than that charged for similar private parcels. The study highlights the need for a management information system to better use the municipally-owned shoreline. Moreover, it proposes a systematic policy of long-term leasing to encourage public and private cooperation in revitalizing the urban waterfront and to improve the life style of its people.