QUESTION
What is the precedent for rezoning adjacent lots in the neighborhood?
0:55:11
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59 sec
Land Use Attorney Jerry Johnson confirms the commonality of air rights parcels and highlights the benefits of the rezoning proposal.
- Air rights parcels are common in the area and New York City overall.
- The specific rezoning proposal allows for the merger of adjacent lots, benefiting from additional air rights income.
- Mergers and air rights transfers help preserve and renovate existing buildings.
- Rezoning only certain parcels would restrict future development potential for others not included.
Kevin C. Riley
0:55:11
Is there a precedent in the neighborhood for proposal to rezoning on adjacent lots?
0:55:15
Just a person purchased the additional air rights from the those lots created by the rezoning.
Jerry Johnson
0:55:22
I mean, there are examples of air raids, parcels all around the area, and in New York City.
0:55:29
This is a standard form.
0:55:31
But in terms of zoning per se, only rezoning the the m 1 4 across the development site would also strand those other three parcels as an m 1, and it would just leave them out with any potential for future development other than what they are today.
0:55:53
And this allows them to merge with us and get income from the additional air rights.
0:56:00
And which will preserve and help them renovate and keep those existing on buildings going in the future, which is one of the benefits of of mergers and airway transfers.