Alliance Studies & Surveys
Times Square requires a unique solution specific to the area because it has more demands per square foot on its streets and public spaces than any other part of the city. Approximately 350,000 to 450,000 pedestrians pass through the area daily. 81.8 million commuters come out of the Times Square subway stations annually, which is 20.5% greater than Herald Square, the next busiest stations in the city. The Times Square plazas host 12 times as many special events as the next busiest plazas. Thousands of people daily walk in traffic lanes on West 42nd Street at peak times while traveling to and from its four live theater houses, two cinema multiplexes, two major tourist attractions (Madame Tussauds and Ripley’s), three major commercial office towers, one hotel, and the Port Authority Bus Terminal. That, plus the confluence of pedestrians and vehicles coming and going from Times Square’s 39 Broadway theaters, 29 million square feet of commercial office space and 18,000 hotel rooms create a daily state of gridlock that justify, factually, and legally, the special overlay of rules for which we are advocating.
Furthermore, what’s good for Times Square’s economy is good for New York City’s economy. Though just 0.1% of the City’s land, Times Square accounts for approximately $1 of every $9 in economic activity and, directly and indirectly, one-tenth of all jobs in the City. Everyday, 170,000 New Yorkers commute to work in Times Square, with 61% coming from Brooklyn, Queens, Staten Island, the Bronx and northern Manhattan. Times Square is the heart of the City’s tourism economy, with one-fifth of the City’s hotel rooms and more than 39 million visitors annually. Times Square contributes $5 billion per year in City and State taxes.