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Senate Bill S9423

2025-2026 Legislative Session

Establishes the Redeveloping Empty and Vacant Infrastructure for Vibrant Economies Act or the REVIVE Act

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Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee

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2025-S9423 (ACTIVE) - Details

See Assembly Version of this Bill:
A10632
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Law
Laws Affected:
Add Art 17 §§530 - 532, RP L

2025-S9423 (ACTIVE) - Summary

Provides for the adaptive reuse of certain parcels which are zoned for commercial, office, retail, or parking.

2025-S9423 (ACTIVE) - Sponsor Memo

2025-S9423 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9423
 
                             I N  S E N A T E
 
                              March 11, 2026
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community Development
 
 AN  ACT to amend the real property law, in relation to providing for the
   adaptive reuse of certain parcels  which  are  zoned  for  commercial,
   office, retail, or parking

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act shall be known and may be cited as the "Redevelop-
 ing Empty and Vacant Infrastructure for Vibrant Economies  Act"  or  the
 "REVIVE Act".
   § 2. The Legislature finds and declares: For decades, shopping plazas,
 retail  centers,  and  office  parks  played  a vital role in New York's
 economic and social fabric. Today, however, many of these properties are
 in decline due to changing economic conditions, evolving consumer  pref-
 erences,  and  the  rise of alternative retail and business models. Many
 such centers  and  their  parking  lots  have  become  underutilized  or
 outright0  vacant,  such that academics and planners have deemed them to
 be "stranded assets."
   At the same time, New York is confronting a severe housing crisis that
 demands an aggressive,  coordinated  response.  Addressing  this  crisis
 requires  innovative  approaches  that  unlock the potential of stranded
 assets for housing and community development, while thoughtfully balanc-
 ing statewide housing goals with the needs and  preferences  of  locali-
 ties.  A  2024  report  by  New  York  State Comptroller Thomas DiNapoli
 concludes that, "The State must take action to  stimulate  community-ap-
 propriate  development  actions  and enhance the supply and diversity of
 the housing stock." An efficient way for the State to increase the hous-
 ing supply is to open up and streamline the processes for turning vacant
 retail and parking lots into new homes.
   Converting obsolete retail  centers  and  parking  lots  into  vibrant
 mixed-use  communities would promote the general welfare by revitalizing
 underused properties, creating  new  opportunities  for  housing,  busi-
 nesses, and recreation, and strengthening the economic and social vital-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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