The Real Deal New York

Posts Tagged ‘scott stringer’

  • stringer

    NYCHA’s Shola Olatoye and Scott Stringer

    City Comptroller Scott Stringer accused the New York City Housing Authority of “mismanagement and lax oversight” and of skimping on providing a required quantity of construction jobs to low-income tenants.

    Stringer’s office released an audit today alleging that the authority allowed contractors to either ignore the law or overstate the amount being paid to residents of low-income housing complexes in the city. [more]

  • sandy-stringer

    Hurricane Sandy damage in New York, and Scott Stringer

    The city Department of Homeless Services paid $19.9 million in emergency contracts during Hurricane Sandy for services that were never provided, according to a report from Comptroller Scott Stringer’s office cited by the Wall Street Journal.

    The contracts were intended to give victims a temporary shelter. Instead, the agency “made the city vulnerable to waste, fraud and abuse,” Stringer wrote in the report. [more]

  • From left: Mayor Bill de Blasio, Boulevard Houses in Brooklyn and security cameras

    From left: Mayor Bill de Blasio, Boulevard Houses in Brooklyn and security cameras

    The New York City Housing Authority’s camera installation is now on deadline. [more]

  • Sandy damage on Staten Island

    Sandy damage on Staten Island

    Comptroller Scott Stringer will meet with Staten Island homeowners in Midland Beach tonight to discuss the city’s disbursement of funds for home rebuilding. The meeting is part of a broader effort by Stringer’s office to assess how federal aid money was spent under the city’s Build It Back program. The comptroller’s office is preparing to audit the program under the Sandy Oversight Program. [more]

  • scott-stringer-1

    Scott Stringer

    Rents in New York City have skyrocketed by 75 percent since 2000, while median incomes have grown static.

    The median apartment rent rose to $1,100 per month from $630 over a 12-year period ending in 2012, according to a report from the office of Comptroller Scott Stringer. Compared to everywhere else in the U.S., the 2012 rent level in the city was 31 percent higher. Michael Bloomberg was elected mayor in 2001. Several more apartments rents in the range of $1,200 and $1,600 now than in 2000. Back then, apartments renting for $400 through $1,000 per month were far more common. There were 360,000 fewer units in that range in 2012, Crain’s reported, citing the study. [more]

  • De Blasio reconstructs Build it Back

    April 18, 2014 08:00AM
    From left: Bill de Blasio,

    From left: Bill de Blasio, Daniel Zarilli and Scott Stringer

    Amid reports critical of New York City’s sluggish recovery from Hurricane Sandy, Mayor Bill de Blasio has shuffled resources, changed rules and appointed new leadership for the rebuilding in an effort to keep things moving. [more]

  • stringer-sandy

    Sandy-damaged home and Scott Stringer

    City Comptroller Scott Stringer said yesterday he will conduct an audit of the Build it Back program, which was launched by Mayor Michael Bloomberg to aid homeowners in the wake of Hurricane Sandy.

    The comptroller office’s new Sandy Oversight Unit will seek testimony from homeowners in Lower Manhattan, Coney Island, Rockaway and Staten Island who claim the program has been of no service to them. About 20,000 people seeking aid remain on a waiting list, Stringer said. [more]

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  • NYC Comptroller Scott Stringer

    NYC Comptroller Scott Stringer

    A type of performance fee that gives developers a leg up for taking the lead on real estate projects may be cut at the knees by New York City’s new comptroller Scott Stringer, who condemns the fee as a tax loophole.

    Stringer characterized “carried interest,” as a tax break for the rich, because it is taxed at a lower rate than ordinary income. Also known as a “promote,” carried interest is taxed at capital gains rates, generally about 20 percent as opposed to the normal income tax rate of around 40 percent, as The Real Deal has reported. [more]

  • From left: Manhattan Beep Scott Stringer and Midtown East

    From left: Manhattan Beep Scott Stringer and Midtown East

    Outgoing Manhattan Borough President Scott Stringer is changing his tune again on the Midtown East rezoning project. [more]

  • Scott Stringer

    Scott Stringer

    “It’s been said that politics is the second oldest profession,” quipped President Ronald Reagan. “I have learned that it bears a striking resemblance to the first.” Eliot Spitzer, whose tenure as governor of New York was cut short by a 2008 prostitution scandal, was clearly familiar with both, but his attempted comeback to the political scene was nipped in the bud this week, when Manhattan Borough President Scott Stringer bested him in the race for New York City comptroller. [more]

  • Eliot Spitzer and Scott Stringer

    From left: Eliot Spitzer and Scott Stringer

    Eliot Spitzer and Scott Stringer, the two Democratic candidates for City Comptroller, faced off in a debate today that focused on how to allocate capital to minority real estate developers and business owners.

    The question of “access to capital” for minorities is a major concern of minority voters in this election, hosts of the event said today, and an audience comprised primarily of minority business owners gathered at Harlem Mist, a cultural center on West 116th Street, to hear the debate. [more]

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  • restaurant-row

    Restaurant Row

    The Theater District is betting that lights and a little paint will bring more hungry arts patrons to its Restaurant Row for a bite to eat, the Wall Street Journal reported.

    Small lights running on solar power and illuminated metal kiosks will line the Eighth and Ninth avenues near 46th Street to brighten the 31-restaurant stretch at night. In another initiative, signs will be painted on the sides of buildings to promote the street. Tim Tompkins, president of the business improvement district the Times Square Alliance, told the Journal the goal is to receive approvals for the signs within the next year. [more]

  • From left: Manhattan Beep Scott Stringer and Midtown East

    From left: Manhattan Beep Scott Stringer and Midtown East

    A day after the city pledged to provide upfront funding for transit improvements as part of the Midtown East rezoning plan, Manhattan Borough President Scott Stringer announced he will support the proposal, Crain’s reported. [more]

  • workac-china

    Workac’s Shenzhen Interchange project in China

    The growth of New York City exports is changing the manufacturing industry, with even “starchitects” shipping their services overseas, the Wall Street Journal reported.

    A report released today from Manhattan Borough President Scott Stringer’s office suggests the future of the city’s small businesses could lie in exporting architectural drawings, craft beer and more. [more]

  • Michael Bloomberg and Madison Square Garden

    Mayor Michael Bloomberg is leaning toward moving Madison Square Garden from its Midtown perch but by using the permitting process — not eminent domain, Crain’s reported.

    Bloomberg laid out his position yesterday, just before the Department of City Planning proposed a 15-year permit for the venue to stay in its space on top of Penn Station, at roughly 33rd Street and Eighth Avenue. [more]

  • Madison Square Garden

    The Department of City Planning has proposed limiting Madison Square Garden to 15 more years in its Midtown space, Crain’s reported.

    Since the venue’s permit expired in January, it has sought a special permit to operate indefinitely atop Penn Station. However, civic groups in favor of the transportation hub’s renovation and expansion have pushed to limit the stadium’s occupation of the space to a 10-year term. Manhattan Borough President Scott Stringer has also backed a restricted permit. [more]

  • From left: a rendering of the Blueway and Manhattan Borough President Scott Stringer

    An updated East River Blueway Plan, revealed yesterday, could create a public beach beneath the Brooklyn Bridge complete with kayaking, DNAinfo reported. [more]

  • From left: Madison Square Garden and Scott Stringer

    Manhattan Borough President Scott Stringer today recommended that the City Planning Commission endorse a proposal to expand Penn Station by shifting the location of Madison Square Garden, Crain’s reported. In other words, Stringer would reject MSG’s request for a special land-use permit that would let the arena stay in its current location “in perpetuity.” [more]

  • Borough President Scott Stringer

    New York needs to curb its housing costs if it wants to keep attracting young tech talent and grow Silicon Alley, a new report released today by Manhattan Borough President Scott Stringer states. The report, titled “Start-Up City,” outlines 11 ways to keep New York’s tech boom booming, including investments in education, such as financial aid for engineering students who agree to work for the city after completing their degree, increasing diversity in the tech sector and designing a new class of affordable housing, according to the reported, cited by Crain’s. [more]

  • Hudson Square, where Trinity Real Estate seeks to build new towers

    Manhattan Borough President Scott Stringer gave the rezoning of Hudson Square his conditional approval yesterday, though not without extracting some concessions from major landlord Trinity Real Estate, which hopes to erect new residential towers in the area, the New York Observer reported.

    Trinity hopes to build new apartments in what has primarily been a commercial area. The agreement reached yesterday would limit those towers’ height to 290 feet, rather than the 320 Trinity had sought. The rezoning affects 20 potential developments, the Observer said. [more]