The “childish” feud between Gov. Cuomo and Mayor de Blasio is hurting the real estate industry, insiders say (illustration by Lexi Pilgrim for The Real Deal)
A little over a year ago, Mayor Bill de Blasio unleashed a rant about a revenge-hungry presence in Albany: Gov. Andrew Cuomo.
“What I found was, he engaged in his own sense of strategies, his own political machinations, and what we’ve often seen is, if someone disagrees with him openly, some kind of revenge or vendetta follows,” de Blasio told NY1.
It was a rare moment of bluntness in what was previously a behind-closed-doors feud, one that industry insiders say is terrible for business and the cause of major headaches such as the death of the 421a tax abatement program and delays in the issuance of state-backed housing bonds.
“The thing about the conflict between the mayor and the governor is it’s like water polo,” said a representative for a major Manhattan-based developer. “You see them thrashing around at each other on the surface, but below the surface is where the real kicks are happening.” [more]