I actually love this idea.
I think these Marxist democrats(redundant) should do this and do it as much as possible.
Of course the City will actually have to PAY for all of this and since NYC can’t print money, why then taxes will have to skyrocket.
One request would be to pass a law requiring all NYC denizens to remain or pay a bond to cover.
Not if the city just takes the property at NO COST and NO PAYMENT to the bank.