Land subsidence is making major seafront metropolises from New York to Jakarta more vulnerable to rising waters. Local decisionmakers need to account for it.
New York City schools have received more than $7 billion in federal aid to help students recover academically after the pandemic. But 36 percent of students were still “chronically” absent last year. Those in poverty were gone 45 percent of the year.
The company controls millions of square feet of offices, so its struggles will surely cause more headaches for landlords. But the model it pioneered remains attractive.
The congestion pricing fee would be for drivers entering Manhattan south of 60th street, but a New Jersey lawsuit threatens to delay its implementation. The fee is forecast to earn $1 billion for the MTA’s capital budget.
The city wants to suspend its 42-year-old right to shelter because of the strain the migrant crisis has put on city resources. But many are worried what suspending the policy will do to homelessness in the area.
Mayor Eric Adams called the rules the strictest in the nation and has pledged to help building owners receive technical assistance and use government and utility-based financing and funding for building upgrades.