this post was submitted on 29 Sep 2026
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Work Reform

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[–] False@lemmy.world 26 points 2 weeks ago (5 children)

How does converting an office building have zero cost?

[–] RidgeDweller@sh.itjust.works 15 points 2 weeks ago

No cost to the city. Sounds like some other entity foot the bill.

[–] Jump365@lemmy.zip 7 points 2 weeks ago (1 children)

They rent them out, so likely had a contractor do the conversion and then woth the rental income cancels out the cost. "No cost" is also just what that post used, doubt official documents say no cost.

[–] Impractical_Island@lemmy.world 1 points 2 weeks ago

Everything has a cost, even if it's tickling pandas

[–] knatschus@discuss.tchncs.de 5 points 2 weeks ago

No cost to the city as explained in comments written long before yours in this thread

[–] jj4211@lemmy.world 3 points 2 weeks ago

https://www.nyc.gov/mayors-office/news/2026/09/mamdani-administration-advances-plan-to-build-nearly-4-000-new-h

Following a competitive request for proposals process, the city selected GFP Real Estate to develop the site.

Note it said only 1,000 affordable residences, but 4,000 overall. A real estate company is happy to cover the cost and cede 1,000 units to affordable terms in exchange for 3,000 residences at market rate.

[–] GreyEyedGhost@piefed.ca 1 points 2 weeks ago

It seems like a significant cost is in reading the whole sentence.