New York City Mayor Eric Adams has announced a major redesign for Fifth Avenue, transforming it into a pedestrian-centered boulevard. The plan includes doubling the width of sidewalks, reducing traffic lanes from five to three, and adding significant greenery and seating to accommodate the high volume of pedestrian traffic, which reaches up to 23,000 people per hour during peak holiday seasons. This $350 million project is expected to pay for itself in less than five years through increased property and sales tax revenue. The redesign, the first major overhaul in Fifth Avenue's 200-year history, draws inspiration from other renowned shopping streets worldwide and aims to enhance both safety and aesthetics. The project has garnered support from key Midtown business and civic leaders and is a response to the inadequate pedestrian space previously available. Completion of the study and schematic design is anticipated by next summer.