§ 72-j. Parking garages and parking spaces; public off-street loading\nfacilities. 1. The governing board or other appropriate authority of a\nmunicipal corporation may acquire by purchase, gift, devise, lease,\ncondemnation or otherwise, in accordance with the provisions of any\nappropriate general, special, or local law applicable to the acquisition\nof real property by a municipal corporation, real property or any\ninterest therein necessary for or incidental to the construction or\noperation of parking garages or parking spaces or public off-street\nloading facilities for the relief of traffic congestion either as\nprovided in subdivision two hereof or as provided in subdivision three\nhereof.\n 2. a. A municipal corporation or an urban renewal agency may construct\nand operate such garages or spaces or public off-street loading\nfacilities including the use of such portion of the property for other\ncommercial uses as may be necessary to provide revenue adequate to\npermit the operation of the principal portion of the property for such\ngarages or spaces or public off-street loading facilities, may charge\nsuch rentals or fees for their use and make such other provisions for\ntheir operation and management as it may deem necessary, and may enter\ninto contracts for their construction or operation subject to such\nconditions as it may impose for the service of the public and the\nprotection of the public interest. When in furtherance of an urban\nrenewal program such parking garage or spaces or public off-street\nloading facilities are constructed and operated pursuant to a duly\napproved urban renewal plan, the same or a portion thereof may be sold,\nleased for a term not exceeding ninety-nine years, or otherwise disposed\nof, to any person, firm or corporation, without public auction or sealed\nbids, subject to such conditions as it may impose for the service of the\npublic and the protection of the public interest, provided such sale,\nlease or disposal is made in accordance with and pursuant to the\nprovisions of section five hundred seven of this chapter.\n b. In addition to such powers as may be granted by any other law or by\nany other subdivision of this section, a municipal corporation or an\nurban renewal agency may lease, for a term not exceeding ninety-nine\nyears, such air rights over or the subsurface areas under any property\nacquired or to be acquired for garages, spaces or public off-street\nloading facilities, together with easements or other rights of user\nnecessary for the use and development of such air rights or subsurface\nareas, as are not needed for public purposes, to any person, firm or\ncorporation for commercial or private use. Any such lease may contain\nprovisions requiring the lessee to construct facilities adequate to\nsupport and maintain, without interference, the public parking or\noff-street loading facilities being conducted by the municipality or\nurban renewal agency and may also contain such other provisions,\nconditions and restrictions as the municipality or urban renewal agency\nmay prescribe. Any buildings, structures, substructures or\nsuperstructures, the title to which remains in the lessee, shall be\ndeemed to be real property for purposes of taxation as defined in\nsubdivision twelve of section one hundred two of the real property tax\nlaw.\n 3. Any municipal corporation, acting through its board of estimate or\nother governing body, may, in addition to exercising the powers granted\nto it by subdivision two hereof, sell, lease for a term not exceeding\nninety-nine years, or otherwise dispose of any real property or any\ninterest therein owned by it or acquired by it pursuant to this section,\nto any person, firm, or corporation at the highest marketable price or\nrental at public auction or by sealed bids pursuant to the provisions of\nany general, special or local law applicable to the sale, lease, or\ndisposition of real property by such municipal corporation, for th
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