Mayor Announces Advisory Commission on Property Tax Reform

Advisory commission will conduct comprehensive review of property tax system. On May 31, 2018, Mayor De Blasio announced the formation of an advisory commission to develop recommendations to reform the City’s property tax system. The reform aims to make the property tax system simpler, clearer, and fairer, as well as ensure that there is no reduction in revenue used to fund essential City services. The property tax system has not had an in-depth review by … <Read More>




Water Board Wins Rate Schedule Battle

Court of Appeals affirmed Water Board plan: credits to some, rate hikes for all. The New York City Water Board leases the reservoirs and water and sewage system from the City. Historically, the City tied the rental amount to the sum owed on the City’s water and sewer-related general obligation bonds. In 2003, however, the City began collecting rent above what was owed on the bonds. This increase led to a spike in water rates … <Read More>


City Planning Commission Approves Special Permit For Subway Elevators on 45 Broad Street

Application approval will bring ADA accessibility to Downtown Manhattan. On April 23, 2018, the City Planning Commission approved the application for a special permit to allow a floor area bonus (FAR) of up to 20 percent to the basic maximum FAR to the 45 Broad Street development in connection with proposed subway improvements. The application was submitted by Madison 45 Broad Development LLC. The special permit will allow the construction of two subway elevators on … <Read More>


Commissioners Fail to Find Consensus on Revised Proposal for Addition to Individual Landmark

Proposed additions to recently designated buildings, known for housing artists of the Abstract Expressionist movement, reduced in visibility with modifications to design to better relate to existing building. On April 24, 2018, the Landmarks Preservation Commission considered a revised proposal to create a rooftop addition to the 827-831 Broadway Buildings, an individual City landmark designated in October of 2017. The buildings were designated partially for its architecture as proto-cast-iron commercial architecture, designed by Griffith … <Read More>