A recent study by the Real Estate Board of New York (REBNY) concluded that by preserving 27.7% of buildings in Manhattan, “the city is landmarking away its economic future.” REBNY is challenging the Landmarks Preservation Commission, arguing it has too much power when it comes to planning decisions, and that by making business so difficult for developers it is stifling the growth of the city.
Yet not three days before releasing this study, president of REBNY Steve Spinola said in an interview with WNYC that “if you ask my members, they will tell you [the twelve years of Mayor Bloomberg's tenure] has been a great period of time for them”. The conclusion of WNYC is that the past decade has actually been a period of increased growth for developers, rather than a period of stagnation.
It would be easy to echo the opinion of Simeon Bankoff, executive director of the Historic Districts Council, who believes the actions of REBNY come down to greed, even comparing its members to Gordon Gekko, the anti-hero of the film Wall Street. But is greed really what’s behind this attack on the Landmarks Preservation Commission? Find out after the break.
Ada Louise Huxtable was a renowned architecture critic who started at The New York Times in 1963. Her probing articles championed the preservation of buildings regarded as examples of historic design still imperative to the life of the city. Her arguments were leveraged by research and an in-depth understanding of architecture as an ever-relevant art form (“the art we cannot afford to ignore”). Alexandra Lange of The Nation points to the connection between Ada Louise Huxtable’s writing and its influence on the culture of preservation that eventually resulted in the establishment of the Landmarks Preservation Commission (LPC) in 1965.
More after the break…