By John Crudele
June 28, 2017 | 10:48pm
Commuters coming into New York City from the north, south, east and west are irate.
The Long Island Railroad, New Jersey Transit, Amtrak and Metro North — not to mention the New York City subway, which moves 5.7 million people every weekday — have all been plagued by dramatic breakdowns and crashes over the past few months.
And as angry as all those commuters are, there is another group of people who should be even more livid — only they don’t know it yet.
That group consists of real estate developers and New York City building owners. And I will give you my prediction of what will happen if the commuting nightmare isn’t straightened out very soon.
As I type this column on Wednesday afternoon, there are 387 new buildings under construction in Manhattan. According to the New York City Department of Buildings, that will add 95.7 million square feet of new space to Manhattan’s already massive real estate inventory.
When you include construction in the Bronx (380 buildings), Brooklyn (1,625 buildings), Queens (1,251 buildings) and Staten Island (713 buildings), the city as a whole will add 225.6 million square feet of new space.
So how is this real estate boom connected with the problems commuters are having? Easy, the attractiveness of telecommuting is going to increase.
https://nypost.com/2017/06/28/solution-to-nycs-commuter-hell-could-ruin-real-estate-developers/
