NYC loses $2.5B in property taxes, gets $1B from FEMA
Property tax revenue did not plunge with the city’s economy last year because assessments preceded the pandemic. This year,...
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Fate of Moynihan air rights unclear as $1.6B project moves forward
Potential additional funding is available for the $1.6 billion train hall planned for the James A. Farley building, but...
NYC to get a slice of $68M that Congress set aside for Trump Tower security
Congress reached a deal to set aside $68 million that will likely be split between New York City and...
Schumer urges Trump to put NYC security costs in Fed budget
New York senior Senator Chuck Schumer wants President Donald Trump to include in his Federal budget as much as...
NYC gets exemption from anti-segregation rules
New York lawmakers successfully lobbied to exempt the city from a new federal program to combat housing segregation. On...
VIDEO: Chuck Schumer is on board with plans for a new stop on the No. 7 line
Looking to capitalize on $30 billion in expected revenue from the Hudson Yards subway extension, Sen. Charles Schumer on...
Schumer revives call for another station on No. 7 subway line
With an expected $30 billion in revenue from the recently expanded No. 7 train, Sen. Charles Schumer wants to...
EB-5 champions in Congress show strong financial ties to real estate industry
What do Chuck Schumer, Jeff Flake, John Cornyn and Pete Sessions have in common? This isn’t the beginning of a...
Senate votes to extend terrorism insurance program
Eight days after the federal Terrorism Risk Insurance Act expired, the Senate voted 93-4 to revive it. The House...
House to vote on terrorism insurance act this week
The House is planning on reauthorizing the federal Terrorism Risk Insurance Act after it expired on December 31. Lawmakers...