NYC stalled construction sites down 8 percent year-over-year

TRD New York /
Nov.November 30, 2011 11:43 AM

The number of stalled construction sites in New York City dropped by 8 percent between October 2010 and October 2011, according to the New York Building Congress, but remained 40 percent above the number recorded two years ago. An average of 638 construction sites were identified as stalled in October of this year, compared to 693 in October 2010 and 454 in October 2009.

The average number of stalled sites in the five boroughs has either fallen or remained constant in each of the past 11 months, the Building Congress said. Overall, Brooklyn remains the leader in stalled sites, with a total of 299, or 47 percent of the city’s total; Queens is second with 131; Manhattan has just 126 frozen sites.

“It is encouraging to see that we have stemmed the flow of stalled sites and that at least a portion of these projects are moving once again,” said Richard Anderson, president of the Building Congress. “The Bloomberg administration and the City Council deserve credit as their recent efforts in this area have had a positive effect.” — Katherine Clarke


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