NEW YORK—Vacant lots owned by the state’s Department of Transportation (DOT) could generate much-needed revenue for the agency, says state Comptroller Thomas P. DiNapoli.
His office assessed a sample of 110 potentially surplus properties across 11 regions. Auditors found 18 unused lots worth a combined $7.1 million. DOT has not assessed its properties since 2005.
“Many of these could be sold and put to good use generating revenues for the state and property taxes for localities,” said DiNapoli, according to a press release from his office. “DOT needs to review its property holdings, identify those that could be sold, and set into action a plan for their disposition.”
Vacant Lots Could Generate DOT Revenue
Vacant lots owned by the state’s Department of Transportation (DOT) could generate much-needed revenue for the agency, says state Comptroller Thomas P. DiNapoli.
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