The Real Deal New York

How to move stalled construction projects

December 24, 2008 03:51PM

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On today’s WNYC radio show “The Brian Lehrer Show,” host Brian Lehrer talked to Louis Coletti, president and CEO of the Building Trades Employers Association, and Edward Malloy, president of the New York State Building and Construction Trades Council, about how to spur some of the city’s stalled construction projects. The city’s construction unions are discussing cutting labor costs, which make up 50 to 60 percent of the cost of any city construction project, and using pension money to create a real estate projects fund.

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