NYC Is the Worst State for Rich People; MTA Is Still Short $15B

Posted On Mon, March 23, 2015 By

Posted On Mon, March 23, 2015 By In Real Estate Wire

  • With the state’s new fiscal year looming, there’s still no specific plan in place to close the MTA’s $15B funding gap. [NYDN]
  • Sorry, but there won’t be an Andy Warhol Museum coming to Essex Crossing after all. [BB]
  • The former historic church at 344 West 36th Street slated to come down for a new hotel. [NYP]
  • There are a handful of residential buildings planned for Brooklyn’s Broadway Triangle, but opponents of the project are saying it needs to be taller and hold more affordable housing. Who the apartments should be designed for is also an issue—the site sits on three different community boards representing Hasids, blacks and Hispanics. [Crain’s]
  • Wealthy New Yorkers pay the highest taxes in the nation on incomes of $150,000-plus. [Crain’s]

Images: The 10 most taxing states (L); Subway (R)

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