Street Riots, Parking
As many as one in four parking placards currently used by motorists in New York City are fake, according to a new study by transportation advocates, and city lawmakers are latching onto the report to push for tougher enforcements.
Currently, there are 78,000 valid parking placards distributed by various authorities in the city. The president Read More
First they came for the parks, then the parking meters.
The city is considering selling off its 54,236 parking meters, scattered across the five boroughs, according to a report in the Post, with an anticipated windfall of $5 billion. Officials tell the tab that nothing is imminent, and the plan runs against Read More
Parking spaces were once billed as a safer investment than real estate in the city. Even more coveted than apartments, outdoor parking spaces could command $225,000.
Not any more.
The Real Deal has a new chart showing that the average rent for a parking space decreased by 9 percent last year, Read More