Cuomo aide linked to proposed 421a revisions

Mulrow links to building trades "relevant," sources say

TRD New York /
Jun.June 03, 2015 02:30 PM

Supporters of proposed reforms to the city’s 421a tax abatement have cited the influence of Gov. Andrew Cuomo’s top aides in justifying the governor’s backing for a prevailing wage provision to be added to the measures.

Real estate executives reportedly “think it’s relevant” that top Cuomo aide Bill Mulrow is the governor’s lead negotiator on 421a, with Mulrow having benefitted significantly from the support of the New York City District Council of Carpenters when running for state comptroller in 2002.

The Council is “deeply engrained” in efforts by the state’s building trades to mandate a prevailing wage for construction workers on projects that receive 421a benefits, Crain’s reports. Reforms proposed by Mayor Bill de Blasio and backed by the Real Estate Board of New York do not include such a mandate.

Cuomo recently called the Mayor’s proposals “too rich for developers” and said they do not “do enough for workers,” reportedly leading to a schism that has emerged between the Cuomo and de Blasio camps in recent weeks. [Crain’s]Rey Mashayekhi

Related Articles

Jay Martin, James Whelan and Joe Strasburg

Rent-pocalypse 2.0: Real estate industry reacts to tenant demands

The purge continues: WeWork’s head of real estate is leaving

When Bill de Blasio announced the end of his campaign, the industry reacted largely with relief but not surprise (Credit: Getty Images and Pixabay)

De Blasio’s campaign is dead, and real estate is happy

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Gary Barnett says luxury market is crowded, WeWork IPO woes continue: Daily Digest

Margaret Streicker Porres and 101 West 78th Street (Credit: Linkedin, Corcoran, iStock)

Newcastle Realty was repeatedly accused of violating New York’s old rent laws. Now it says it’s leaving New York because of the new rent law.

The issue came to light after some owners realized they were incorrectly billed in June (Credit: iStock)

“A big, big, big success,” NYC Finance Department says of new system that overcharged building owners on property tax

The lights of The Hard Rock Cafes marquee are out during Midtown’s Saturday blackout (Credit: Getty Images)

Broadway shows, restaurants see major losses from Midtown’s Saturday blackout