And finally… Skyscraper residents pay $11m to prevent proposed tower from blocking view
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Residents from a New York condo have paid $11 million to developers to stop the construction of a proposed neighbouring tower to protect their view from being interrupted.
The condo owners bought the “air rights” that allow a landowner to build higher buildings for extra fees.
Surprisingly, this time, the air right has been used for a reverse purpose: blocking the construction of a higher than the three-story buildings of the Seventh Avenue neighbourhood.
According to reports, the residents didn’t pay the same amount of the $11m deal. Some were embarrassed to mention their sum, while one resident said he paid $1m alone to keep his apartment’s view.
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