With all the developments in the NYC Construction industry this week we wanted to ensure that none of the major developments or changes were missed.
Bobby D'Alession, former NYCDOB official and valued member of the Cahill team has put together the attached overview detailing what your requirements are.
Empire State Development has once again revised their guidelines
On Tuesday, the U.S. House of Representatives Judiciary Committee is scheduled to mark up Republican John Faso’s H.R. 3088, the Infrastructure Expansion Act. The legislation targets New York’s so-called “Scaffold Law,” which imposes absolute liability for property owners and contractors for injuries sustained by workers.
Nationally, the 2017 election is being called a blue wave. Here in New York, it is more like a two-level pool. On the shallow end, near-record low turnout in New York City where tepid enthusiasm for winner Bill de Blasio kept voters out of the water.
City Council passes bills concerning autism and disability classification reporting. Contact us if you have any questions concerning these bills.
Despite proud and glowing announcements by Gov. Andrew Cuomo, the Real Estate Board of New York, and the Building and Construction Trades Council of Greater New York, sources confirmed to The Real Deal that they did not actually reach a consensus on a new deal for the 421a tax abatement last week due to differing interpretations on which projects would qualify.
The recent deal struck between Governor Cuomo, REBNY and the Unions on the 421-tax credit resulted in many questions from the industry. We are monitoring the situation closely and will provide ongoing information, as follows:
From Crain's New York Business: An agreement on 421-a would have to be approved by the Legislature Gov. Andrew Cuomo has brokered an agreement between the city's real estate lobby and the building trades union to revive 421-a, a controversial property tax break for developers that the city and many in the industry believe is [...]
New York City Mayor Bill de Blasio signed off on measures under the Build It Back program that officials hope will streamline the effort to address Superstorm Sandy damage still left unrepaired.