In a Switch, Buyer of $1.2 Billion in Market-Rate Apartments Opts for Rent Limits - Wall Street Journal
"...L+M and Invesco have agreed to subject the apartments to rent regulations in exchange for deep property-tax breaks. The idea is that the value of the tax break will make up for the lost rent from the 2,800 apartments in East Harlem and Roosevelt Island. [...] city officials and investors have dusted off a 1960s-era city tax-exemption program known as Article XI. The provision allows the city to negotiate individual deals with property owners."
NYC firehouse network at risk as FCC limits cable fees to cities - Crain's New York Business
"Cable systems around the U.S. provide towns and cities with public-access channels showing school board and city council meetings, as well as networks like one that keeps New York City’s firefighters connected to the internet. The services are provided for free—but probably not for long. [...] At issue in Thursday’s [FCC] vote are in-kind services that towns, counties and cities receive in addition to fees, which are capped at 5% of revenue. Examples of the services include discounts for seniors, channels for community use, and information networks that link government buildings."
The wild beasts of New York City - City & State
What NYC charter amendments didn’t make it on the ballot? - City & State
REBNY attempts to guide landlords through changes to rent law - The Real Deal
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