The Community Preservation Fund is generated by a 2 percent tax added on real estate sales. It has raised more than $500 million for land preservation on the East End since it was created in 1999.
Panel presents ideas on Community Preservation Fund
Why don't we have this in NYC? Oh, wait, I almost forgot that it's because we are an ever-evolving, grand, global, vibrant, diverse city and therefore we must build on every available space, replace every historic structure and look like a hodge podge of animal scat.