LISTEN: ‘The Master Plan of New York is the Subway’ (opens in new tab)

Mamdani swept into City Hall on hopes and dreams of making the city affordable, and the key to affordability in New York City is housing. People are not moving out of New York City because the bus fare is three dollars. People are moving out because they can’t afford the rent. Child care is too expensive. … it’s an old formula in New York: Subways beget development so if you want to make a dent in housing affordability, as the mayor does, you need to have a plan that sort of unleashes that de...