On Politics: Lifting SALT cap is no sure bet under Trump

CrainsNewYork.com (Retail & Apparel) 1/14 9:10A Ross Barkan

Will New York’s congressional delegation be able to raise the SALT cap? For both Republicans and suburban Democrats, this is a primary concern heading into Donald Trump’s new term. In 2017, when Trump was president, congressional Republicans...

Port Authority Bus Terminal wins $1.9B loan for makeover

CrainsNewYork.com (Retail & Apparel) 1/14 8:56A Sri Taylor, Bloomberg

The run-down Port Authority Bus Terminal has scored a round of federal funding for its $10 billion makeover, just days before President-elect Donald Trump’s inauguration. The Port Authority of New York and New Jersey will receive a $1.9 billion...

Hochul’s 2025 agenda: Tax cuts, subway safety, faster permitting for homes

CrainsNewYork.com (Retail & Apparel) 1/14 7:46A Nick Garber, Caroline Spivack

Gov. Kathy Hochul on Tuesday unveiled a populist 2025 agenda built around tax cuts, subway safety and more investment in mental health care. The proposals come as she faces voter unrest about crime and the cost of living and looks ahead to a...

Reach of controversial hotel licensing law will be limited, analysis finds

CrainsNewYork.com (Retail & Apparel) 1/13 7:35A Nick Garber

Thanks to a series of last-minute carve-outs, New York City’s controversial new employment rules for hotels will have a far more limited impact than critics originally feared, according to a new analysis. Approved by the City Council in October...

Predictions about the city’s future, from recession odds to the future of Penn Station

CrainsNewYork.com (Retail & Apparel) 1/12 11:48P Aaron Elstein

Heading into the new year, my email box groaned under the weight of reports from cheerleader market strategists, all of them predicting that 2025 will be almost as wonderful as 2024, when the S&P 500 gained 23% and concluded its best two-year run...

Op-ed: Local law 97 progress and pain points, one year in

CrainsNewYork.com (Retail & Apparel) 1/9 6:03A Matthew Isaacs

In 2019, New York City took a bold step toward climate action with Local Law 97, one of the most ambitious building decarbonization laws in the country. The law's first year of implementation in 2024 has placed significant pressure on building...

City’s $2B medical debt forgiveness program to begin after delay

CrainsNewYork.com (Retail & Apparel) 1/6 11:33P Ethan Geringer-Sameth

Some New Yorkers will soon start to see their medical debt forgiven under a city-funded initiative, months after the program was set to go into effect. In the final days of 2024, the city inked an $18 million contract with Undue Medical Debt, a...

At a Glance: Jan. 6

CrainsNewYork.com (Retail & Apparel) 1/5 11:33P Ethan Geringer-Sameth

RADIATION INSTALLATION: Long Island Jewish Medical Center in Glen Oaks, Queens, is installing a new high-dose rate enclosure for the treatment of certain types of cancer with radiation. The project will renovate 443 square feet of space in the...

New York businesses gain a competitive advantage with industry-specific health plans from Aetna

CrainsNewYork.com (Retail & Apparel) 1/5 11:03P By Chris Gibson, Vice President,

Since the pandemic, labor shortages in the U.S. remain. However, companies are hiring new employees at a rate that outpaces the quit rate. This dynamic, referred to as the “great reshuffle” indicates that people and across the nation are...

City doctors plan strike amid stalled negotiations to improve pay, benefits

CrainsNewYork.com (Retail & Apparel) 1/2 8:55A Amanda D Ambrosio

Nearly 1,000 doctors within the city’s public hospital system are planning to strike later this month amid what they say are stalled negotiations to improve their pay and benefits. The labor union Doctors Council SEIU delivered a 10-day strike...

SL Green CEO will collect a $10M jackpot if he can land Times Square casino

CrainsNewYork.com (Retail & Apparel) 1/2 5:08A Aaron Elstein

SL Green CEO Marc Holliday will be awarded a $10 million cash bonus if he can bring a casino to Times Square, the company disclosed in a New Year’s Eve regulatory filing. The payout dangled before Holliday underscores the massive business...

At a Glance: Jan. 2

CrainsNewYork.com (Retail & Apparel) 1/1 11:33P Amanda D Ambrosio, Ethan Geringe

LENOX HILL EXPANSION: Northwell Health has filed a land-use application for a multi billion expansion of Lenox Hill Hospital. The health system unveiled plans in 2019 to expand Lenox Hill and build a new 30-story hospital building, growing from...

Prologis buying Greenpoint site from ExxonMobil for $122M

CrainsNewYork.com (Retail & Apparel) 12/31 3:58A Eddie Small

Prologis is increasing its real estate portfolio in the city with a massive purchase in Brooklyn. The industrial giant is buying 440 Kingsland Ave. in Greenpoint from ExxonMobil for roughly $122 million, according to sources familiar with the...

Congestion pricing launch to proceed after mixed court ruling

CrainsNewYork.com (Retail & Apparel) 12/31 3:46A Chris Dolmetsch and Josh Sisco,

New York Governor Kathy Hochul said a plan to charge drivers entering Manhattan’s central business district will launch Jan. 5 as scheduled after a federal judge largely rejected New Jersey’s challenge to the congestion pricing program. But a...

MTA failed to achieve cost-saving reforms, audit alleges

CrainsNewYork.com (Retail & Apparel) 12/30 6:22A Nick Garber

Years after the Metropolitan Transportation Authority announced reforms intended to cut down on purchasing costs, the famously high-spending agency has little to show for them, according to a new audit by the state comptroller. The...