Mamdani swept into City Hall on hopes and dreams of making the city affordable, and the key to affordability in New York City is housing. People are not moving out of New York City because the bus fare is three dollars. People are moving out because they can’t afford the rent. Child care is too expensive. … it’s an old formula in New York: Subways beget development so if you want to make a dent in housing affordability, as the mayor does, you need to have a plan that sort of unleashes that development.
Eric Goldwyn, an author of the new A Better Billion report from the Marron Institute of Urban Management at New York University, joins the podcast to explain its modest proposal to remap the city with 12 new projects, 64 new subways stations and 41 new miles of rail — all for about the same cost as making buses free.
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