Developers face fewer NYS subsidies

New York State intends to decrease the amount of subsidies offered to developers building commercial space in the city, according to Patrick Foye, the downstate chairman for the ESDC. “Deals that were done in the past by a prior administration soon after 9/11 — those were done in a particular set up circumstances, and we’ve got to operate in the world as it exists today,” Foye said. more [Sun]