The New York Observer profiles Extell President Gary Barnett, who filed plans for six projects in the four months before the city’s new building code went into effect July 1. The profile describes a letter Barnett sent to Mayor Michael Bloomberg and some of the country’s economic policy leaders earlier this year with suggestions for what to do about the recession. Barnett suggested a three-year extension on all current mortgages, federal subsidies for 30-year mortgages and a law forbidding companies with more than 500 employees from laying off staff. Barnett said he has gotten some calls in response to the letter. Barnett said he thinks hotels will be the first sector of the market to rebound.
Barnett says hotel sector will be first to rebound
July 22, 2009 02:04PM
