"The New York Real Estate Board recently confirmed what every New Yorker feels: we are in a housing free-fall. With a staggering shortfall of up to 540,000 units and a vacancy rate of just 1.4 percent, the pace of new construction is glacially slow. But the solution might be hiding in plain sight, tucked away behind the chain-link fences of our city's woefully underutilized golf courses."
"The spatial inequality of New York City golf is striking. Nearly half of the city's courses are in Queens, covering 960 acres. This includes Forest Park (508 acres), Kissena Park (237 acres), Clearview (111 acres), and Douglaston (104 acres). Despite occupying prime real estate, these courses are largely empty. The sport's decline is so pronounced that the Parks Department counsel's office admits the agency no longer even tracks annual golf membership sales."
New York faces a severe housing shortfall of up to 540,000 units and a 1.4 percent vacancy rate while new construction remains slow. Approximately 2,500 acres of city land are devoted to municipal golf courses that are largely underused. 'City of Yes' zoning changes could enable conversion of those acres to housing. Nearly half of courses sit in Queens (960 acres), with sizable acreage in Staten Island, Brooklyn, and the Bronx. Golf revenues and green fees have declined citywide, Parks no longer tracks membership sales, and only a few courses show growth.
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