According to Crain's New York, the city is attempting to pull a greater percentage of air-rights profit from Broadway theatres and the Theatre District. Air-rights have to do with the space above Broadway theatres, which the theatres are allowed to sell to property owners in the Theatre District. The city currently takes a portion of these profits, which are added to a fun that goes towards supporting emerging artist…
SOURCE: BroadwayWorld at 04:04PM on February 8, 2017