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ADULT USE ESTABLISHMENTS AND <br />PROPERTY VALUES <br />Total Assessed, Value <br />We attempted to compare total assessed value over time, and the rate of <br />change, for our study and control blocks. We analyzed and compared the years. 1985- <br />1986 to 1993-1994. In addition, .,we compared our Study and Control blocks' <br />assessed ' valuation `to that of ' 1) the aggregated tax blocks falling within the <br />boundaries of the Times Square Business Improvement District; 2) the entire Borough <br />of Manhattan;' and 3) the City as a whole. Our findings are summarized ,in Table Ill. <br />The Table shows that the rate of increase of the total actual assessed values <br />of the Eighth Avenue Study Blocks was less than the rate of increase for the Control <br />Blocks along Ninth Avenue on which no adutt use establishments are or were located. <br />To a lesser extent, the rate of increase of the actual total assessed value of the 42nd <br />Street Study Block is less than that of the 42nd Street Control Block. <br />TABLE Ili <br />ACTUAL ASSESSED VALUES <br />CHANGES FROM 1985-1993 FOR .SELECTED BLOCKFRONTS <br />Sources: NYC Department of Finance; Insight Associates <br />t The estimated BID total assessed value was determined by adding all 36 tax blocks <br />that fall entirely or partially within the boundaries of the Times Square Business <br />Improvement District. <br />EVER00211 <br />25 <br />