Real estate has boomed under Mayor Michael Bloomberg, but the industry is wondering if the good times will end when he leaves office at the end of the year. The Real Deal is bringing together Bloomberg’s would-be successors at a Sept. 16 forum to find out what they have in store for all sectors of the market — residential, commercial and retail.
The candidates vying to replace the mayor after a dozen years in office – whose ranks will be whittled down in the Sept. 10 primary – represent a range of stances on development, real estate taxes and industry regulation. For example, Democrat Bill De Blasio, the public advocate, says that “the relationship between the city and its developer community needs a reset,” with less emphasis on “towering, glitzy buildings” and more focus on affordable development.
Others look more likely to carry forth a continuation of current policies. Republican Joe Lhota, former chairman of the Metropolitan Transportation Authority, thinks “it’s unfair to criticize Mayor Bloomberg, who has been concerned with how to deal with the growth of New York City. We are expecting an influx of another million New Yorkers and we must prepare our infrastructure and housing to accommodate that growth.”
TRD’s “Mayoral Debate: The Future of NYC Real Estate” will be in Mason Hall at Baruch College’s Performing Arts Center, 17 Lexington Avenue, and is scheduled to last 90 minutes — from 5:30 to 7 p.m.
Doors open at 5 p.m.
Admission is $25 and must be paid in advance. To make a reservation, click here.
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