NYC Targets Sidewalk Sheds' Business Impact
NYC Targets Sidewalk Sheds' Business Impact
NYC Targets Sidewalk Sheds' Business Impact
News summary

A new study commissioned by NYC and Mastercard reveals that sidewalk sheds and scaffolding significantly impact Manhattan businesses, costing them between $3,900 and $9,500 in lost revenue per month. Restaurants and bars are particularly affected, seeing up to a 10% decrease in weekly transactions in the six months following the erection of scaffolding. Mayor Eric Adams is spearheading the 'Get Sheds Down' program to expedite building repairs and reduce the number of unnecessary sheds. The program has already removed 173 miles of sidewalk sheds, aiming to improve business visibility and public safety. The city plans to introduce legislation to better regulate the construction and maintenance of these structures and address property owners who delay necessary repairs.

Story Coverage
Bias Distribution
50% Right
Information Sources
d387b58c-602b-49e7-8f0e-990aad2baa4778876203-7edc-4c1e-8422-d6a486707f9e
Left 50%
Right 50%
Coverage Details
Total News Sources
2
Left
1
Center
0
Right
1
Unrated
0
Last Updated
35 days ago
Bias Distribution
50% Right
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News