Discussions surround M1-zoned areas
The City Planning Commission is considering implementing a change to limit the amount of hotels built in industrial areas, according to Crain’s.
How it would be done: The amendment would require proposed hotels in M1-zoned areas to undergo a full public review process before obtaining a special permit. (community boards, borough presidents, the City Planning Commission and the City Council).
Why it matters: With the struggling hospitality industry, hotel owners will support any proposal that will limit the number of new hotel rooms. Although there are 64 million tourists who visited New York last year, a surge in demand along with Airbnb has really put a strain in the sector.