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Council Member Carlina Rivera advocates for Resolution 720 supporting the New York City Artspace Act
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Council Member Carlina Rivera expresses support for Resolution 720, which backs the state legislature's New York City Artspace Act. The Act aims to provide property tax benefits for creating affordable artist workspaces in commercial-to-residential building conversions, addressing the challenges faced by the creative sector in New York City.
- The Act would help increase access to affordable studios, rehearsal spaces, and performance venues.
- It's presented as an investment in preserving community heritage and stabilizing the creative economy, which generates 13% of the city's economic activity.
- Rivera emphasizes that rising rents and financial instability are major challenges for cultural organizations and workers in the city.
Carlina Rivera
0:46:22
Thank you.
0:46:23
Today, we're voting on resolution number expressing the council support for the state legislature's New York City Artspace Act.
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The bill proposes to extend property tax benefits to building owners and developers for the creation of long term affordable artist workspaces in commercial buildings being converted for residential use.
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It's just one way we can increase access to affordable studios, rehearsal and performance spaces, as well as cultural programming open to the public.
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It's also an investment that will pay off many times over.
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It preserves community heritage and helps stabilize the foundation of our creative economy, a sector that generates 13% of the city's economic activity.
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And I've heard loud and clear from organizations and workers that rising rents and financial instability are among their most pressing challenges.
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The New York City Art Space Act would help bolster one of our greatest assets and ensure that New York can remain a place where artists can thrive.
0:47:20
I hope I can count on your support for Resolution seven twenty.
0:47:24
Thank you.