New York archdiocese seeks to sell ‘air rights’ over cathedral
CWN - September 14, 2012
The New York archdiocese is looking into the possibility of selling “air rights” above church-owned properties, including St. Patrick’s cathedral.
New city zoning regulations would allow property owners to transfer their “air rights”—the right to build above their property—to other developers in their neighborhoods. By selling these rights, the archdiocese could enjoy added revenue, developers could build larger buildings on nearby sites, and the church-owned properties such as the cathedral would remain undisturbed.
New York officials have not yet determined whether or not the archdiocese would be allowed to sell its “air rights” under the zoning changes.
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