One Bryant Park, also known as the Bank of America Tower, in Manhattan faces an estimated $2.4 million in annual fines when New York City’s York’s Local Law 97 goes into effect.
The potential hefty levy on this property is ironic given that it was certified LEED Platinum after it opened in 2010. An in-depth article at Bloomberg.com about this predicament illustrates the complexities owners face in addressing the law, which imposes carbon caps that are backed up by fines for non-compliance.
Passed in 2019, the law is a sweeping measure establishing emissions limits for almost 50,000 of the city’s largest buildings. The owners of an estimated 20% of these office buildings, hotels, and multifamily properties will likely face fines in 2024 when the law goes into effect. Many more buildings would face fines in 2030, when the caps will be lowered by 40%.
Part of the issue for the Bank of America Tower is a density of employees with heavy computer usage—at least on some floors—that use a lot of electricity. The owner says Local Law 97 is deeply flawed because it doesn’t distinguish between different densities and usages of properties and points out that the terms of the lease with the bank preclude him from limiting their power usage.
The Bank of America Tower had some impressive green features when it was built: a natural gas-fueled cogeneration plant for electricity that uses heat from the combustion process for additional power to operate HVAC systems, a cooling system that uses ice made overnight when power demand is lower, and a green roof. Today, when the ultimate goal is carbon neutrality, though, these features do not create the desired impact.
The details of the law are still being worked out, though, and that may bode well for the owner. There is support from some city officials to make allowances for buildings such as the Bank of America Tower that time their energy use.
Related Stories
High-rise Construction | Aug 25, 2021
Summit One Vanderbilt immersive experience and observatory set to open
The project is located in the crown of One Vanderbilt.
Office Buildings | Aug 4, 2021
‘Lighthouse’ office tower will be new headquarters for A2A in Milan
The tower, dubbed Torre Faro, reimagines the company’s office spaces to adapt to people’s ever-changing needs at work.
High-rise Construction | May 27, 2021
The anti-high rise: Seattle's The Net by NBBJ
In this exclusive video interview for HorizonTV, Ryan Mullenix, Design Partner with NBBJ, talks with BD+C's John Caulfield about a new building in Seattle called The Net that promotes wellness and connectivity.
Mixed-Use | Apr 22, 2021
Jakarta’s first supertall tower tops out
The project will anchor the Thamrin Nine development.
High-rise Construction | Jan 20, 2021
Casablanca Finance City Tower becomes Morphosis’ first project in Africa
The tower is the first building completed in Casablanca Finance City.
Products and Materials | Sep 23, 2020
A new portable restroom is designed for mobility
Lendlease invented the H3 Wellness Hub, which can include natural lighting and UV bacteria control.
High-rise Construction | Mar 20, 2020
Edge, the Western Hemisphere’s highest outdoor skydeck opens
The attraction is part of 30 Hudson Yards.
High-rise Construction | Nov 6, 2019
AS+GG releases design scheme for the South HeXi Yuzui Financial District and Tower
The firm won an international design competition for the project in 2018.
High-rise Construction | Oct 7, 2019
A giant shipwreck sculpture highlights the proposal for Prague’s tallest building
Sculptor David Černý and architect Tomáš Císař from the studio Black n´ Arch designed the project.
High-rise Construction | Oct 4, 2019
KPF-designed CITIC tower is Beijing’s tallest
The tower is the fourth tallest in China and the eighth tallest in the world.
