The City Council advanced but weakened Mayor Eric Adams’ City of Yes housing plan in a last-minute deal ratified on Thursday in two committee votes. As part of the agreement, the administration committed to spending $5 billion on affordable housing programs and infrastructure improvements.Many of the wide-ranging zoning reforms will remain largely intact, but the most contested proposals will be scaled back in response to criticism from outer-borough lawmakers — meaning City of Yes will now allow for some 80,000 homes, down from the roughly 100,000 units that were previously forecast, officials said.Under the deal, reached Thursday after weeks of negotiations, small accessory dwelling units in backyards and garages would be legalized in much of the city — but restricted in a few low-density districts in the outer boroughs. (ADUs were expected to generate about one-third of the new housing enabled by City of Yes.)And the mandates that require parking spaces to be included in new developments will be preserved in Upper Manhattan and chunks of the outer boroughs, instead of eliminated citywide as City of Yes had first proposed. Council members from low-rise neighborhoods had pushed to keep those mandates, even as planners warned that the rules ramp up the cost of building and would make it harder for other parts of the plan to work. (Notably, in all zones, parking mandates will not apply to the kinds of developments most hamstrung by the mandates, including ADUs, office... Continue reading at 'Crains New York'
[ Crains New York | 2024-11-21 19:06:35 UTC ]
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The City Council advanced but weakened Mayor Eric Adams’ City of Yes housing plan in a last-minute deal ratified on Thursday in two committee votes. As part of the agreement, the administration committed to spending $5 billion on affordable housing programs and infrastructure improvements.Many... Continue reading at Crains New York
[ Crains New York | 2024-11-21 19:06:35 UTC ]
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The deal reverses proposed cuts to libraries despite financial strains on the city Continue reading at Crains New York
[ Crains New York | 2023-06-29 16:45:41 UTC ]
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With less than a day left to reach a deal on Mayor Eric Adams’ legacy-making City of Yes housing plan, complex negotiations were continuing Wednesday afternoon ahead of a key vote on Thursday.After months of public review and combative rhetoric from supporters and detractors, the plan to loosen... Continue reading at Crains New York
[ Crains New York | 2024-11-20 21:13:58 UTC ]
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Mayor Eric Adams’ administration is distancing itself from a planned acquisition of a large Bronx industrial center after it emerged that a city real estate official — who is close friends with Adams — had gone to unusual lengths to promote the deal.The administration had been in talks to... Continue reading at Crains New York
[ Crains New York | 2024-10-30 17:40:25 UTC ]
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Mayor Eric Adams nominated the accomplished but controversial attorney Randy Mastro to be the city’s top lawyer on Tuesday, defying expected opposition from the City Council.Mastro, currently a partner at King & Spalding, is a former federal prosecutor who held senior roles in Mayor Rudy... Continue reading at Crains New York
[ Crains New York | 2024-07-30 18:28:40 UTC ]
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Mayor Eric Adams’ administration has reached a deal with the City Council on a budget that undoes at least some of the cuts he had previously imposed and adds new funding for housing construction, according to City Hall and a person familiar with negotiations.The mayor’s office announced... Continue reading at Crains New York
[ Crains New York | 2024-06-27 23:09:36 UTC ]
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New York City’s improving fiscal situation seemed to foretell an easier path to passing the coming year’s budget, but the City Council and Mayor Eric Adams still disagree on key issues with days left before the deadline to reach a deal.The council’s push to reverse cuts to cultural institutions,... Continue reading at Crains New York
[ Crains New York | 2024-06-21 17:26:40 UTC ]
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President Obama on the South Lawn of the White House in July. He could earn as much as $30 million with a two- or three-book contract once his second term ends, said Raphael Sagalyn of the ICM/Sagalyn Literary Agency. Continue reading at The New York Times
[ The New York Times | 2016-09-05 00:00:00 UTC ]
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It seems that The New Yorker Festival may be picket-free this year. The magazine's union and management at Conde Nast reached a new tentative three-year agreement, the company's human resources department told staffers Monday. (THR) Continue reading at AdWeek
[ AdWeek | 2024-10-15 11:54:00 UTC ]
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New York City Schools Chancellor David Banks will step down on Oct. 16, months earlier than he had previously planned to, City Hall disclosed late Wednesday.The unexpected move may deepen questions about the reasons for Banks’ departure, which comes after his phones were seized by federal agents... Continue reading at Crains New York
[ Crains New York | 2024-10-03 13:14:57 UTC ]
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Eric Adams stood alone in City Hall on Tuesday and tried to project confidence in his imperiled mayoralty as he answered in-depth questions for the first time since his federal corruption indictment.Adams was not seated at a table surrounded by his usual phalanx of deputy mayors, and instead... Continue reading at Crains New York
[ Crains New York | 2024-10-01 19:47:39 UTC ]
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Mayor Eric Adams expresses frequent pride in the number of women he has elevated to senior roles in his administration. But several of those appointees have departed under murky circumstances in the past year, reflecting the continued difficulties those leaders face — especially in... Continue reading at Crains New York
[ Crains New York | 2024-07-16 19:14:25 UTC ]
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Mayor Eric Adams announced a deal on a $112 billion budget with the City Council on Friday, reversing a small but notable fraction of his unpopular cuts as he looks toward a difficult re-election bid next year.The spending plan for Fiscal Year 2025 also makes some new investments at the urging... Continue reading at Crains New York
[ Crains New York | 2024-06-28 21:14:47 UTC ]
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As a city kid, veterinarian Amy Attas had big dreams of roaming the countryside healing animals a la the classic “All Creatures Great and Small.” Continue reading at ABC News
[ ABC News | 2024-06-10 13:18:31 UTC ]
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Mayor Eric Adams announced a revised $111.6 billion budget plan on Wednesday that avoids new spending cuts and increases estimates of the city’s tax haul, reflecting his administration’s increasingly sunny view of New York’s finances. But the proposal rebuffs the City Council’s request to undo... Continue reading at Crains New York
[ Crains New York | 2024-04-24 16:53:57 UTC ]
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Agency expects more trading on new currencies this year after disappointment in last year's upfront. Continue reading at Advertising Age
[ Advertising Age | 2023-05-24 13:00:00 UTC ]
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Details on the agreement are forthcoming, but HarperCollins Union leaders and the publisher have reached a tentative deal. Continue reading at Book Riot
[ Book Riot | 2023-02-10 14:49:53 UTC ]
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HarperCollins has reached a tentative agreement with its striking union that includes an unspecified increase in minimum salaries. The deal was announced shortly after the publisher reported that sales fell 14% in the quarter ended December 31, and that profits plunged 52%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-10 05:00:00 UTC ]
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The deal to acquire Simon & Schuster would have made the buyer, Penguin Random House, even larger, and reduced the number of big publishers in the U.S. to four. Continue reading at The New York Times
[ The New York Times | 2022-11-21 22:50:04 UTC ]
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Penguin Random House’s agreement to buy Simon & Schuster is set to fall through. Simon & Schuster’s parent company decided not to extend it after a judge blocked the purchase. Continue reading at The New York Times
[ The New York Times | 2022-11-21 02:56:51 UTC ]
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