In NYC, the mayor, Michael Bloomberg, wants to give landlords and property owners the incentive to make their buildings more green in order to save money for everyone.
However, the landlords of these properties, would be shouldering the upgrades to make these changes. In a city where economic wealth and prosperity is defined by the square inches within which you're living, the costs for these changes would be dramatic and devastating to some.
In economic times such as these, there isn't that much money to go around for anyone. Most family and business are cutting costs and going the extra mile to ensure that this is the case.
The green trend has been very popular though, because of it's idea for a more secure and sustained future - an idea that sits well with most due to the financial insecurity that surrounds most people.
Bloomberg stated : "To soften the burden on landlords, they'd only be forced to bankroll changes that would pay for themselves over five years through reductions in energy use. The mayor says the plan will deliver $750 million in annual savings on utility bills, add thousands of new green jobs, and cut the city's greenhouse gas output by 5%."
The stimuation of the job market is very good for New York, whose businesses and offices were on somewhat of a hiring freeze.
Will the changes really happen for New York? Can it reverse the damage already done by poor administration and regulation from previous presidencies?
http://www.businessweek.com/magazine/content/09_20/b4131046570857.htm?chan=innovation_architecture_top+stories
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