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Excerpt: "Less than a day after newly emboldened Democratic lawmakers announced bills that would significantly tighten tenant protections, prominent real estate developers got Gov. Andrew M. Cuomo on the phone to make a last-ditch plea to persuade him to block the measures."

The new and strengthened rules would mark a turning point for the 2.4 million people who live in nearly one million rent-regulated apartments in New York City. (photo: Brittainy Newman/NYT)
The new and strengthened rules would mark a turning point for the 2.4 million people who live in nearly one million rent-regulated apartments in New York City. (photo: Brittainy Newman/NYT)


Titans of Real Estate in 'Shock' Over New York Rent Law Deal

By J. David Goodman, Vivian Wang, Luis Ferre-Saduri, The New York Times

15 June 19

 

ess than a day after newly emboldened Democratic lawmakers announced bills that would significantly tighten tenant protections, prominent real estate developers got Gov. Andrew M. Cuomo on the phone to make a last-ditch plea to persuade him to block the measures.

The developers, including Douglas Durst, Richard LeFrak and William C. Rudin, are involved with some of the most iconic buildings on the New York City skyline, including One World Trade Center and 3 Times Square, and have long wielded major influence in Albany.

They and their counterparts in the real estate industry have donated millions of dollars in campaign contributions to Mr. Cuomo and other state politicians in recent decades.

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+2 # davehaze 2019-06-16 02:18
Landlords are not the lords of the land but the scum of the earth, said Ema Goodman, who I never tired quoting to my fellow landlord friends in NYC.
 
 
+1 # RLF 2019-06-19 06:12
Cuomo is a real estate guy...bought and paid for. He will figure out a way to delay until no one is looking and then kill anything that helps renters.

What they need is jail time for landlords that don't maintain their buildings. NY apts. are expensive and complete junk!
 

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