It Happened Today in New York City
On February 13, 1832, the board of aldermen agreed to grant tax exemption to Gramercy Park. While Gramercy remains New York City’s only private park, gated with access by key, the tax exemption is motivated by the notion that the park’s preservation as a green space without chance for development limits the land’s value. The controversy that has followed is one of the many class-conscious debates to plague the park over the years.
- Posted in: Almanac