WATCH: TRD breaks down the fight over rent reform in Albany

Albany is headed for a Big Ugly unless the bills are printed in their final form by Tuesday

TRD New York /
Jun.June 07, 2019 08:00 AM

With just nine days left until the rent laws expire, negotiations are heating up in Albany as the real estate industry and tenant advocates jockey to influence lawmakers. Intense tenant protests on Tuesday outside the state assembly led to the arrest of 61 tenants from the Upstate-Downstate coalition. While dueling press releases from Senate Majority Leader Andrea Stewart-Cousins, Gov. Andrew Cuomo and Speaker Carl Heastie attempt to shift the blame, Albany insiders say that the real three-way negotiations have only just begun.

Real estate lobbyists and tenant advocates are intensifying their efforts ahead of Tuesday, when the bills would have to be printed to make the June 15th deadline. That scenario is looking less and less likely, and that means we’re headed to The Big Ugly — an omnibus bill that would give Cuomo a seat at the table in the negotiations.

Reporters Georgia Kromrei and Kathryn Brenzel discussed what’s happened and what’s yet to come at the capitol. Check out the video above.


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti on a Manhattan real estate market without private cars
Calamity and Kabbage: Accountants riff on PPP madness

Calamity and Kabbage: Accountants riff on PPP madness

Calamity and Kabbage: Accountants riff on PPP madness
Watch: Carl Weisbrod on making NYC a ‘magnet for talent’ again

Watch: Carl Weisbrod on making NYC a ‘magnet for talent’ again

Watch: Carl Weisbrod on making NYC a ‘magnet for talent’ again
City Council member Keith Powers (Getty)

Pol, biz groups: Suspend rent tax, extend outdoor dining

Pol, biz groups: Suspend rent tax, extend outdoor dining
Rosenberg & Estis' Luise Barrack and Fried Frank’s Jonathan Mechanic

Commercial real estate lawyers: You’re stuck with that lease

Commercial real estate lawyers: You’re stuck with that lease
arrow_forward_ios

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

Loading...