What's Hindering School Construction?

  • Posted at 9:41, December 09, 2013
  • By Quidnunc Staff

Two new print stories in Crain's New York Business went online overnight:

  1. The mayor-elect's emphasis on increasing the number of affordable housing units the city produces over the next few years has worked out well for L+M Development, which will be working the Seward Park development on Delancey St. downtown, a renewal effort that has been in the work for four decades.  The story has details on the firm's work, from the print edition of Crain's New York Business, and can be found HERE.
  2. The city needs to budget $650 million over the next three years to cover insurance for school construction costs . . . a huge increase from a policy expiring at year end, and which will cut deeply into New York School Construction Authority projects. The culprit is a strongly-supported law that cuts both ways as a backstop to ensuring safety but also is now spiking insurance costs.  Another Crain's New York Business print article has the details on the specific effects, and can be found HERE with a subscription.
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