The Introduction Process and Actual Conditions of the Public Realm Improvement Bonus in New York City

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Other Title
  • ニューヨーク市における公共領域の改善を目的とした協議型容積率緩和制度の導入過程と活用実態
  • A Case Study of the Grand Central Subdistrict in the Special Midtown District
  • ミッドタウン特別地区グランドセントラル街区ヴァンダービルト・コリドーを対象として

Abstract

In 2015, the government of New York City adopted the Public Realm Improvement Bonus (PRIB), which integrated segmentalized zoning bonus systems, in Midtown East. This zoning bonus has been established for the purposes of mitigating the applied conditions of zoning bonus systems, diversifying and expanding public contributions and increasing bonus in exchange for public contributions. At the same year, One Vanderbilt, which was the first real estate development project using PRIB, was proposed. The project offered public contributions of $2.1 billion to improve the public transportation and pedestrian network systems. However, it did not acquire the transferable development rights of historical buildings owned by others. Therefore, it triggered the controversy of which should be taken in priority, the improvement of public realm or the preservation of historical buildings.

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