Why the right number of chairs matters more than typical "design" decisions in public space design and how 400x bistro seats unlocked more than $2 billion in asset value surrounding Bryant Park.
Very interesting. I wonder under what circumstances it would make ROI sense to tear down a large struggling commercial property and replace it with a park. If the city and surrounding property owners believed they could even come close to Bryant Park's success / value creation, maybe they'd share the cost of demolition, conversion and (crucially, per Barth) management.
It’s a good question and one to which you could quantify the answer. The first issue I see with your comment is that it would be an acute breach of private property rights for a diffuse positive benefit.
Very interesting. I wonder under what circumstances it would make ROI sense to tear down a large struggling commercial property and replace it with a park. If the city and surrounding property owners believed they could even come close to Bryant Park's success / value creation, maybe they'd share the cost of demolition, conversion and (crucially, per Barth) management.
It’s a good question and one to which you could quantify the answer. The first issue I see with your comment is that it would be an acute breach of private property rights for a diffuse positive benefit.