On Wednesday, June 1, Mayor Eric Adams outlined his, “City of Yes” initiative. This initiative is the next phase of his, “Rebuild, Renew, Reinvent,” plan to stimulate recovery from the COVID-19 pandemic. “City of Yes,” is built around a series of three as-yet-unwritten zoning text amendments to modernize and simplify zoning resolutions to encourage business growth, stimulate housing creation, and reduce the city’s carbon footprint.
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Mayor Announces Proposed Zoning Changes to Affordable Housing, Small Business Restrictions and Sustainability
The zoning text amendments are in development and will be drafted with input from stakeholders before undergoing public review later this year. On June 1, 2022, Mayor Eric Adams announced a plan for a series of new zoning text amendments and programs aimed at removing obstacles for the recovery of small businesses, increased affordable housing, and the expansion of green technology to promote sustainability. The three zoning text amendments – the Zoning for Economic Opportunity, … <Read More>
Mayor Appoints Rachel Loeb as Acting EDC President
Outgoing EDC President James Patchett returns to the private sector while Acting EDC President Rachel Loeb is appointed and works to help NYC recover, rebuild, and reemerge in the wake of the COVID-19 pandemic. On Monday, March 8, 2021, Rachel Loeb assumed the position of Acting President of the New York City Economic Development Corporation (EDC) after being appointed by Mayor Bill de Blasio. Loeb succeeds James Patchett, who worked for the City for seven … <Read More>
City Awards $38 Million in Infrastructure Grants for City Science Institutions
Four New York City leading scientific research facilities are receiving infrastructure grants to advance innovation and public health. On January 21, 2021, Mayor de Blasio announced that Columbia University, Montefiore-Einstein, the New York Stem Cell Foundation, and Rockefeller University are the four winners of $38 million in infrastructure grants for research and development departments. These grants come as a part of LifeSci NYC, a $500 million project with the goal of establishing New York … <Read More>
Bellevue Psychiatric Hospital to become hotel
Proceeds would help support the operations of the New York City Health and Hospitals Corporation. The New York City Economic Development Corporation is seeking proposals to develop and operate a hotel and conference center at the former Bellevue Psychiatric Building, located at 492 First Avenue between East 29th and East 30th Streets. The winning developer would enter into a 49-year lease agreement with the City with two 25-year renewal options. Currently, the building serves as … <Read More>
CityLaw Profile: Hank Gutman, City Transportation Commissioner
On February 3, 2021, Mayor Bill de Blasio appointed Hank Gutman as the new Commissioner of the Department of Transportation. With only eleven months left in the de Blasio Administration, Gutman has set ambitious goals. His past experiences make it likely that he will achieve his goals.