Broadsheet: The City derives enormous financial benefit from selling government-owned property in Lower Manhattan to developers, but returns little or none of this windfall to the local community. Will you commit to sharing revenue from such deals in the future, by directing a portion of these funds to projects identified and prioritized by Lower Manhattan community leaders?
Ms. Low: Yes—we must ensure our community benefits from these kinds of deals.
Broadsheet: Nearly every major fast-growing city and suburb in the United States (apart from New York) has implemented “impact fees,” which charge developers a levy for the additional burden their projects will place on local infrastructure. These funds are then earmarked to build schools, libraries, community centers, cultural facilities, etc., within the specific communities where the development is taking place. Will you support such a proposal, along with a guarantee that these funds will be spent locally (and not City-wide)?
Ms. Low: Yes, developers must be held accountable for the burden they place on our infrastructure, schools, and community facilities, and implementing impact fees would be an important step forward.
Broadsheet: The de Blasio administration has lavished more than $100 million in subsidies on its NYC Ferry Service. The latest iteration of this plan is to create a new route connecting Staten Island to Battery Park City to Midtown, which will compete with the existing (and free) Staten Island Ferry, and, some fear, will overburden Battery Park City’s ferry terminal. What is your position on this project?
Ms. Low: I support the ferry service as a fast commuting option to parts of the City that have long been transit deserts. But this is the wrong time to expand ferry services. There is already a free ferry service from Staten Island to Battery Park City. We should not add another service to cater to higher-earning residents, especially at a time when the subways are in need of repair and state officials are preparing to charge drivers to enter Manhattan’s busiest areas.
Broadsheet: Each year, dozens of middle-class retirees are forced to leave Battery Park City, because their fixed incomes cannot keep up with the spiraling cost of living here. Will you commit to creating a “naturally occurring retirement community” (NORC) in Battery Park City, and modify the financial requirements so that middle-class retirees (rather than only those living below the poverty line) can remain here?
Ms. Low: I fully support NORCs, and we need to go further to support our seniors, by ensuring that the community also has access to wellness, social services and mental health support for seniors. I will work with the Battery Park City seniors to modify the requirements necessary to establish a NORC in their community.
Broadsheet: A similar dilemma confronts middle-class young adults who grew up in this community and recently graduated from college. Many would like to return and begin families here, but the relentlessly escalating structural costs make this prohibitive. Are you willing to study a new housing model (in effect, a NORC-in-reverse) that would enable young people to live here, and give preference to those who grew up here?
Ms. Low: New York City’s affordability crisis is not new and continues to impact every New Yorker and every community. The lack of affordable housing and the soaring cost of living have ravaged New Yorkers, and now, these pressures are pushing people out. I will work with the Battery Park City community to study a new affordable housing model to ensure that young professionals and families can stay and thrive here.