Cure is worse than the disease for sidewalk shed problem, REBNY and city say

Proposed bill would make landlords get rid of sheds if no work is done on building for seven days

New York /
Nov.November 03, 2017 10:30 AM

Mayor Bill de Blasio and the real estate industry do not always get along, but they have found one thing to agree on: a proposed solution for the city’s sidewalk shed epidemic is a bad idea.

The bill proposed by Councilmember Ben Kallos would require landlords to take down sheds at buildings where no work has been done for seven days, and although he proposed the bill late last year, it just recently had a hearing, according to Crain’s.

While the de Blasio administration and the real estate community agreed that the sheds are ugly, they both said Kallos’ bill could make them come down too quickly, which would put public safety at risk.

The Real Estate Board of New York argued that the bill would have unintended consequences, noting that it would be very costly for landlords to take the sheds down and reinstall them given how often construction projects are delayed for reasons beyond their control.

REBNY plans to meet with Kallos on Nov. 15 to discuss his bill, and the council member will hold a public meeting about it on Nov. 14 at his office.

A map from the Department of Buildings released in May showed that the city had more than 7,700 sidewalk sheds spanning 280 miles. [Crain’s] – Eddie Small


Related Articles

arrow_forward_ios
John Banks

High expectations: A look at John Banks’ 4 years at REBNY

High expectations: A look at John Banks’ 4 years at REBNY
John Banks

John Banks to step down as REBNY president

John Banks to step down as REBNY president
REBNY Awards

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Sen. Charles Schumers aid President-elect Joe Biden agreed to assist NYC. (Getty)

NYC loses $2.5B in property taxes, gets $1B from FEMA

NYC loses $2.5B in property taxes, gets $1B from FEMA
President-elect Joe Biden's relief plan focuses on the coronavirus and opening schools. (Getty)

Biden’s $1.9T package would extend eviction ban, boost rent relief

Biden’s $1.9T package would extend eviction ban, boost rent relief
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)

Cuomo adds housing to $51B Midtown West project

Cuomo adds housing to $51B Midtown West project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...