NYC Mayor Bill de Blasio may soon be reportedly increasing taxes on vacant residential lots outside Manhattan as a way to pressure developers to put up housing while increasing tax revenues.
De Blasio wants lot owners to put up or pay up. His wants to close a tax loophole that could possibly force landlords to build new housing on their vacant plots or sell out to those who do.
An published analysis of city data indicates that there are more than 7,000 privately owned vacant residential lots in the five boroughs, covering roughly 2% of the city's 302 square miles. Other estimates put the number of lots around 10,500. This is just a partial list: