In his Municipal Law, Jeffrey D. Friedlander, first assistant corporation counsel of the City of New York, writes that among the tools employed by New York City to spur economic development are transferring unused development rights, making use of legislative initiatives and restrictive declarations, and selling or purchasing condominium units in which the city participates, a practice common in private development, but a new technique for the city.
Innovations in City Land Use Transactions
New York Law Journal
September 18, 2012
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