On November 9, 2023 the New York City Comptroller released an audit and report detailing the failures of the City to comply with “Fair Share” Requirements for City Services and Facilities. Under the 1989 City Charter Revisions, “Fair Share provisions” require that the City must make an effort to provide communities with their fair share of amenities and the City must make an effort to combat citywide issues equitably among all communities. The new analysis … <Read More>
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City Releases Details for “City of Yes for Housing Opportunity” Zoning Text Amendment
On September 21, 2023, Mayor Eric Adams released the details for his “City of Yes for Housing Opportunity” proposal. The proposal aims to increase the development of and access to affordable housing throughout New York City through changes to the City’s zoning code. The Mayor’s Office touts that the initiative could add 10,000 homes to expected housing production over the next 15 years, create 260,000 temporary and 6,300 permanent jobs, and provide $58.2 billion in … <Read More>
EDC Announces Public-Private Partnership to Build Film Studio Campus at Pier 94
On August 29, 2023, the New York City Economic Development Corporation announced a public-private partnership with Vornado Realty Trust, Hudson Pacific Properties, and Blackstone to build a studio campus at Pier 94 near Hell’s Kitchen in Manhattan. The Sunset Pier 94 Studios project will create a film and production studio as well as public amenities for Hudson River Park.