Wealthier NYC households gain $1B from lifted SALT cap, study finds

CrainsNewYork.com (Arts) 10/17 8:29A Nick Garber

New York City taxpayers will save billions of dollars from the tax provisions in President Donald Trump’s signature domestic policy law, but the benefits will be skewed toward wealthier residents, according to a new report by the city’s...

Trump admin threatens more NYC funds, this time over 34th Street busway

CrainsNewYork.com (Arts) 10/17 6:57A Caroline Spivack

The 34th Street busway is the latest city project the Trump administration is demanding transit officials hit the brakes on or risk losing federal funds and project approvals for other projects.  In a Thursday letter reviewed by Crain’s , Federal...

Maimonides, H+H to partner under state grant to bolster safety-net hospitals

CrainsNewYork.com (Arts) 10/17 6:49A Amanda D Ambrosio

Maimonides Medical Center is forging a new clinical partnership with New York City Health + Hospitals as part of a state program to bolster struggling safety nets, Gov. Kathy Hochul announced Thursday. The agreement is one of six deals announced...

NYC Health + Hospitals seeks to boost budget for temporary shelter beds

CrainsNewYork.com (Hospitality and Tourism) 10/17 12:33A Amanda D Ambrosio

New York City Health + Hospitals is planning to increase its budget for temporary shelter beds for homeless patients as part of a plan to grow its housing program while securing millions in patient revenue. The city’s public hospital system...

A sidewalk revolutionary sees the shed market finally tipping in its favor

CrainsNewYork.com (Hospitality and Tourism) 10/17 12:33A Aaron Elstein

Urban Umbrella has spent 15 years trying to convince New York property owners that sidewalk sheds don’t have to be ugly. But despite praise from civic leaders and award-winning designs, the company’s sleek white canopies account for just 1% of...

Op-ed: Nonprofits are sounding the alarm. Will New York listen?

CrainsNewYork.com (Hospitality and Tourism) 10/17 12:33A Jacqueline M. Ebanks

Nonprofits are the backbone of care, creativity, and justice in New York City. From the Bronx cultural institution that keeps neighborhood history alive to the Queens after-school program that gives parents breathing room, to the Staten Island...

Op-ed: Battery storage is the safe energy solution we need

CrainsNewYork.com (Arts) 10/16 6:03A Julie Tighe

Roughly a quarter of the state’s fossil-based generators are more than 50 years old. In New York City, the most polluting peaker plants, long past their intended lifespan and continuing to harm the health of nearby communities, are finally...

New York City faces increased blackout risk next summer, grid operator warns

CrainsNewYork.com (Media & Entertainment) 10/15 11:12A Caroline Spivack

New York City could struggle to keep the lights on beginning as soon as next summer with more frequent and prolonged power outages, according to a pair of reports published Tuesday by the state power grid operator. New research from the New York...

New Yorkers face likely tax hikes no matter who becomes mayor

CrainsNewYork.com (Media & Entertainment) 10/15 9:41A Martin Z. Braun and Nacha Cattan

New York mayoral front-runner Zohran Mamdani’s pledge to fund free child care and bus rides by taxing the rich faces steep odds in Albany. But tax hikes may be coming for New Yorkers anyway, regardless of who leads City Hall. Several lawmakers...

Next mayor must craft a new housing tax break, EDC chief says

CrainsNewYork.com (Arts) 10/15 8:38A Nick Garber

The next mayor’s top priority should be to propose a new tax incentive for housing construction to replace the underwhelming 485-x program, New York’s economic development chief said at a Crain’s New York Business event on Wednesday. The comments...

Michelin just endorsed 12 New York City restaurants

CrainsNewYork.com (Arts) 10/15 8:38A Jack Grieve

Twelve New York City restaurants that opened within the last two years just earned Michelin's stamp of approval — and could be in the running for stars come November. The French tire company added nine spots in Manhattan and three in Brooklyn to...

Billionaire Bill Ackman donates $1M to anti-Mamdani PAC

CrainsNewYork.com (Arts) 10/15 8:27A Laura Nahmias and Amanda Gordon,

Hedge fund billionaire Bill Ackman gave $1 million Tuesday to a super PAC opposing Zohran Mamdani’s New York City mayoral campaign, state campaign finance records show. The donation to Defend NYC is the latest major cash infusion ahead of the Nov....

Dimon says ‘so be it,’ would help Mamdani If he wins NY race

CrainsNewYork.com (Arts) 10/15 5:59A Heather Landy, Bloomberg News

Dimon, 69, runs the biggest US bank — and one of New York City’s largest private employers — from Midtown Manhattan. The firm’s new megatower there officially opens later this month and is part of a planned multi-block campus with a tab so far of...

Council takes fight against housing ballot questions straight to voters

CrainsNewYork.com (Hospitality and Tourism) 10/15 12:33A Nick Garber

City Council Speaker Adrienne Adams has taken lately to calling her branch of government “the most pro-housing council in a generation.” But in their crusade against the ballot questions that would strip them of some power over land use, council...

East Village’s P.S. 64 ready for transformation after decades of controversy

CrainsNewYork.com (Hospitality and Tourism) 10/14 12:33A Eddie Small

Few development sites in the city have a history as complex or as contentious as that of P.S. 64 in the East Village. The former public elementary school, built in 1906, has been at the center of legal and political fights since at least 1998,...