The recommendation will also impact interest rates for small property owners not impacted by COVID-19. On May 13, 2020, the New York City Banking Commission recommended that the City Council create a new hardship exemption to eliminate interest on late payments for property taxes due in July for small property owners who faced financial hardship due to COVID-19. The Banking Commission is comprised of Mayor Bill de Blasio, Department of Finance Commissioner Jacques Jiha, and … <Read More>
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UPDATED: Construction Shutdown: Preserving Land Use Approvals
Governor Andrew Cuomo’s executive orders issued in response to the COVID-19 public health emergency halted non-essential construction throughout the City of New York. Many of the halted construction projects enjoyed land use approvals granted by City agencies, and the Governor’s orders did not toll the expiration dates of these approvals. (Update:) Subsequent to the construction shutdown, Mayor Bill de Blasio on April 29, 2020 issued an emergency executive order tolling the expiration dates … <Read More>
Mayor de Blasio Closes Beaches for Swimming
“No swimming, no parties, no sports, no gatherings.” On May 17, 2020, New York City Mayor Bill de Blasio announced that the City will not open its beaches for swimming on Memorial Day weekend or in the foreseeable future. The Mayor explained during a press conference that despite this decision, people will be permitted to walk the beach so as long as they do not congregate. This weekend and going forward, beach patrons can expect … <Read More>
Bridge delay claim denied
Tutor Perini sought §22,941,971.68 for a two-year delay caused by a court injunction. In 2013, Tutor Perini Corporation entered into a $102 million contract with the Department of Transportation to replace the City Island Road bridge that spans Eastchester Bay between the Bronx and City Island. A state court injunction delayed the construction of the bridge for two years and forced the redesigning of the bridge.
NYCHA Earns Over $2.6 Million By Transferring Hobbs Court Development Rights
NYCHA seeks to raise revenue for capital repairs by selling transferrable development rights on NYCHA properties. On March 5, 2020, the New York City Housing Authority (NYCHA) announced the finalization of an agreement to transfer approximately 9,000 square feet of development and parking rights at the Hobbs Court development, located at 315 E 102nd Street in East Harlem, Manhattan.
Office of Environmental Remediation Announces Updated Mapping Tool
The updated SPEED tool will give community a better understanding of development and environmental measures taken in their neighborhood. On April 23, 2020, The Mayor’s Office of Environmental Remediation released an update to its SPEED environmental mapping tool. The SPEED 2.0 environmental mapping tool allows New York City property owners, developers and community members to create maps of environmental information at a city, borough, neighborhood or site level. All of SPEED’s data is regularly updated … <Read More>