In the News: East River Bridge Tolls

••• The penthouse at 250 West sold “for $29.5 million, way down from its original $42 million asking price back in 2013.” —6sqft (Curbed thinks it’d be rad if Rihanna bought it; the broker told the New York Times that it’s a “‘domestic buyer’ who paid all cash and planned to use the residence as a pied-à-terre.”)

••• Downtown Post NYC looks deep into the Howard Hughes Corporation’s mysterious purchase of South Street Seaport air rights. Interestingly: “The South Street Seaport differs from other parts of the city in that air rights can be transferred to non-contiguous buildings.”

••• “Settlement reached in WTC name rights case.” —Crain’s

••• A New York Times rant about religious exemptions for vaccinations wonders about “the 25 percent of students at the School for Young Performers in TriBeCa who received religious exemptions last year.” I had never heard of the school; it’s a sort of virtual school headquartered at Broadway and Fulton, and the number of total students is unclear.

••• There’s hope for East River bridge tolls: “The Move NY plan hinges on its proposed East River bridge tolls, which will draw howls from some motorists but are barrier-free and fiscally efficient, and would rationalize traffic flow in Queens and Brooklyn, experts say. Some business groups favor congestion pricing because it will reduce traffic jams, which cost many businesses more money than tolls would. However, many New Jersey-bound truckers plow through lower Manhattan to avoid tolls that can reach $70 for an 18-wheeler to travel through Staten Island.” Underline mine. —Crain’s

ferry bridge

 

4 Comments

  1. Erik, curious why for this post you chose to use a picture that’s relevant to the headline. Something you usually do not do?

    • I generally run whichever image looks best (if I have more than one). I know the mismatched image can be confusing, but I’ve always thought that it might double the chances that you will click on the link. In this case, I didn’t have another image on hand

  2. $29.5 million for a pied-à-terre??????????

  3. Tolls will impede business in the Boros.

Comment: