Featured

New York City Building Boom Fueled By Expected 421-a Successor Law

May 2017

NEW YORK—The multifamily development floodgates opened last year when developers put their money on the State Legislature enacting a replacement for the 421-a tax incentive legislation. New York Building Congress president and CEO Carlo A. Scissura believes that developers bet on New York State passing a new 421-a tax incentive program this past legislative session…

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Astorino Defies County Board in Filing Indian Point Suit

May 2017

WHITE PLAINS—If the Westchester County Board of Legislators wouldn’t take on Governor Andrew Cuomo and Entergy on the deal reached earlier this year to close Indian Point, Westchester County Executive Robert Astorino decided he would do it on his own. Astorino announced on May 9th that he had filed suit against New York State, Entergy…

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BARRISTER'S BRIEFING: Legal Update on the Use of Drones

May 2017

The Federal Aviation Administration’s Small Unmanned Aircraft Rule (“FAA Rule”) was effective as of August 29, 2016 and permits the commercial use of drones without having to apply for a waiver or exemption from the Federal Aviation Administration. The former rule in place did require the granting of a waiver or exemption directly from the…

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Legoland Hopes to Begin Construction This Year on $500M Theme Park Project

April 2017

GOSHEN—The developer of LEGOLAND New York hopes to secure approvals for its much anticipated, but somewhat controversial, $500-million theme park here by sometime this summer, which would allow the firm to begin construction before the end of this year. Phil Royle, head of community & project relations for LEGOLAND New York, speaking before about 70…

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Hudson Valley Region Banking on Future Biotech Growth

April 2017

WHITE PLAINS—The recent approval by the Westchester County Legislature of a planned $1.2-billion biotechnology park on mostly county-owned land in Valhalla is a clear sign that political and business leaders are counting on the biotechnology and healthcare sectors to be economic engines for the region in coming years. Earlier this month, the Westchester County Board…

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CE Touts Transit-Oriented Development, Public-Private Partnerships and Bristles Over Indian Point’s Closure

April 2017

A Conversation with Westchester County Executive Robert Astorino WHITE PLAINS—As Westchester County enters the second quarter of 2017, the commercial and residential real estate markets are robust as businesses and new residents invest in the county. The county’s biotech and healthcare industries are driving economic growth and creating new jobs in their respective sectors, as…

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Hudson Valley Home Sales Rise, Inventory Falls in First Quarter

April 2017

WHITE PLAINS— High sales rates, a sharp decline in inventory, and an uneven pattern of price increases across the region marked 2017’s first quarter entry to the real estate market recovery of the past five years, according to the recently released “2017 First Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange…

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Astorino’s Plan to Sue State Over Indian Point Closure Appears Short Circuited

April 2017

BUCHANAN—Westchester County Executive Robert Astorino is seeking permission from the Westchester County Board of Legislators to file an Article 78 proceeding to require New York State to conduct an environmental review of the impacts of the Indian Point closure deal with Entergy Corp. At press time, however, it appears the county executive may not be…

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$1.2B Bioscience Project Clears Major Regulatory Hurdle

April 2017

WHITE PLAINS—In what county officials say is the largest public-private partnership in Westchester County history, County Executive Robert P. Astorino and Board of Legislators Chairman Michael Kaplowitz announced the approval of the $1.2-billion Westchester Bioscience & Technology Center project on 80 acres of vacant land in Valhalla. The two county leaders staged a press conference…

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White Plains to Move Forward With Train Station Initiative

March 2017

WHITE PLAINS—White Plains Mayor Thomas Roach says the city will soon be issuing a solicitation for interested developers on plans to develop what will likely be highly sought after city-owned property around the White Plains Metro North train station. Mayor Roach, who was the guest speaker at the March 23rd meeting of the Hudson Gateway…

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Court Dismisses Rye Playland Lawsuit; $60M Public-Private Partnership Begins

March 2017

WHITE PLAINS—In what Westchester County officials describe as an “across the board victory,” New York State Supreme Court Justice Gretchen Walsh has dismissed the City of Rye’s court case against Westchester County’s plans to revitalize the storied Rye Playland amusement park. County officials stated on Tuesday (March 21) that the ruling allows the county to…

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Multifamily Boom Takes Hold in NYC Suburbs

March 2017

TARRYTOWN—The suburbs surrounding New York City, including Westchester County, are now in the throes of a multifamily development boom as major investors flock to downtown districts in White Plains, New Rochelle, Yonkers and Mount Vernon to build transit-oriented communities. A panel of real estate investors at an event staged by The Business Council of Westchester…

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Gov. Cuomo Forms Task Force as Hearings Convene on Indian Point Closure

March 2017

ALBANY—Gov. Andrew Cuomo announced the formation of an Indian Point Closure Task Force the same day as a joint meeting of committees of the State Assembly and Senate convened on the business and economic impacts the planned closure of the nuclear facility in Buchanan might have on the state and local economies. The newly formed…

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HGAR President Launches New ‘Tea With the President’ Initiative

March 2017

WHITE PLAINS—In the first of its kind outreach to the general membership, HGAR President Dorothy Botsoe has launched her “Tea with the President” program at HGAR’s White Plains, Goshen and West Nyack offices. HGAR President Botsoe, who was installed as 2017 HGAR President in January, developed the idea as a way to encourage more participation…

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LEGISLATIVE AFFAIRS: The Time to Fight for the Mortgage Interest Deduction is Now

February 2017

Reform of the Tax Code is important, but must not eliminate the tax benefits of homeownership. Since its inception over a century ago, the U.S. income tax system has recognized the positive effects of homeownership for families, communities, and society by granting certain tax benefits to homeowners. The result has been a home-owning society that…

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Yonkers Renews its $2 Billion ‘Rebuild Yonkers Schools’ Campaign

February 2017

YONKERS—After securing a partial victory last year in its efforts to have New York State finance most of its planned $2-billion capital program for the Yonkers school district, Yonkers Mayor Mike Spano re-launched the “Rebuild Yonkers Schools” campaign to secure more favorable terms from the State Legislature. Last year, Yonkers was successful in its first…

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Real Estate Execs Push for New Condo Assessments in Ossining

February 2017

OSSINING—Three Westchester County real estate professionals are leading a citizens group called the “Ossining Committee for Fair Taxation” that is looking to have the Town of Ossining, which recently undertook a town-wide property reassessment, ensure that condominiums in the town are assessed at full value, the same as single-family residences and commercial properties. The trio…

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