Yes, they will make up the difference by pushing hard on the people with licenses, inspections, and fees.
For example, annual fees to operate food carts in the best locations top out at close to $300K. Bad locations are over $10K.
Just about everything you do in the city has a fee attached.
They will be going up and enforced with fascist efficiency.
“Just about everything you do in the city has a fee attached.”
On my last trip there I stayed at Midtown Hilton. With no room service at all my bill for one night was over $425 after all the add on and fees. The dang room did not even have a coffee machine. The next night I spent in Indianapolis at a Marriott Courtyard. The room was nicer, had a coffee machine, and was $79. Predatory pricing is another thing that bothers me about NYC.