The City’s Planning Department withdraws its proposal to increase contributions to the Theater Fund, which supports local, off-Broadway theater productions. On February 27, 2017, the Department of Planning withdrew its application to raise the contribution rate for air rights sales within Manhattan’s Special Theater Subdistrict right before the City Council’s Zoning Subcommittee was set to vote on the issue. The proposed text amendment would have instituted a higher contribution rate, established a floor sale price, … <Read More>
Theater Subdistrict Fund
Increased Contributions to the Theater Subdistrict Fund Considered [UPDATE: CPC Approves Measure]
Contributions from transfers of development rights by theaters in the district would be increased four fold—from $17.60 per square foot to 20 percent of the sales price. On September 7, 2016, the City Planning Commission held a public hearing on a proposed amendment to the City’s Zoning Resolution that would solidify the contribution rate to the Theater Subdistrict Fund related to the transfer of development rights from 46 listed theaters in Manhattan’s Theater Subdistrict. Currently, … <Read More>
Increase proposed for Theater Subdistrict Fund
1998 zoning amendment required contribution to theater fund for transfer of development rights from certain theaters. On October 19, 2011, the City Planning Commission held a public hearing on a proposed amendment to the City rules that would increase the contribution to the Theater Subdistrict Fund connected to the transfer of development rights from 46 listed theaters in Manhattan’s Theater Subdistrict. The proposal was published in the City Record on September 15, 2011.
The City … <Read More>