Developers rush for approvals as Bloomberg’s clock ticks down

From the November issue: As the clock ticks down on the Bloomberg years, developers with projects in the planning stages are pulling out all the stops to tick off as many steps in the approval process as possible before a new mayor takes office. Of course, that’s easier said than done, especially as the current administration races to complete its own development agenda.

Andy Gerringer, managing director of new business development at the Marketing Directors, said that accelerating the quest for approvals provides a badly needed sense of security for developers.This is an excerpt from “A rush for approvals as Bloomberg’s clock ticks down,” which appears in the November issue.