Mayor Bloomberg recently —and rather suddenly— inserted a big pin into the oxygen-deprived real-estate bubble.
On February 23rd Mr. Bloomberg announced the establishment of a task force to overhaul a Lindsay-era program (the term of art is the 421a program) established back when there was little hope of attracting new construction in the city.
In recent years, hundreds—if not thousands—of market-rate condominiums have sprouted up across the city on the public’s dollar under the 421a program.
Click here to read the NY Observer story
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2 comments:
Where are the 2 asbestos reports (1 on the windows and hallwork) and the letter from the attorney general?
Correction--Where on this site is the 1 asbestos report on the window work, and the 1 asbestos report on the hall work? Where on this site is the letter from the attorney general regarding the owner's obligation to have an asbestos remediation plan for that work?
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