This month in real estate history: World War II price control program kicks off rent control in NYC, real estate owners try to block construction of the World Trade Center … & more

1911: Landowners demand lower taxes if new subway tunnel isn’t opened A group of landowners in Queens demanded that the city either reduce their property taxes or open an unused trolley tunnel near their land so they could reap the economic benefits, the New York Times reported 106 years ago this month. Five years earlier, the city had raised taxes on the mostly vacant lots — by as much as 3,000 percent in some cases […]

Source: Real Estate

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