State greenlights massive Penn Station development plan

State officials have approved plans for a development surrounding Penn Station that could one day rival the scale of nearby Hudson Yards. Empire State Development’s board of directors on Thursday signed off on the general project plan for the massive Penn Station Area development project. The proposal now heads to the Public Authorities Control Board, an oversight body whose ability to derail major projects was diminished by former Gov. Andrew Cuomo after it helped kill

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Here’s where the top contenders for NY governor stand on real estate

Tenant protections and a key tax break for developers are just two of the real estate issues shaping the early stages of New York’s gubernatorial race, establishing whether a growing number of Democratic hopefuls — including, most recently, Long Island Rep. Tom Suozzi — fall to the right or left of incumbent and perceived moderate Kathy Hochul.  Republicans, meanwhile, appear to be uniting behind Long Island Rep. Lee Zeldin, although former Westchester County executive Robert

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CNN Fires Chris Cuomo Following Sexual Misconduct Allegation

“Based on the report we received regarding Chris’s conduct with his brother’s defense, we had cause to terminate. When new allegations came to us this week, we took them seriously, and saw no reason to delay taking immediate action,” CNN said in a statement.

CNN Suspends Chris Cuomo Indefinitely, According to CNN

CNN has suspended anchor Chris Cuomo indefinitely following the release of documents showing that he was involved in a significant way with efforts to assist his brother Andrew Cuomo, the former governor of New York, as he battled several sexual misconduct allegations.

Hochul downsizes Cuomo’s Penn Station plan

Gov. Kathy Hochul is suspending plans to expand Penn Station and will instead redevelop the reviled transit hub, while still paving the way for commercial development that would exceed Hudson Yards in scope. Hochul on Wednesday afternoon will announce a scaled-down version of a plan by her predecessor, Andrew Cuomo, for 10 new towers and a terminal to the south of Penn. The state is moving forward with plans for the buildings, which would be

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MTA chair: 10 new towers may not fund Penn Station expansion

UPDATED Oct. 27, 2021, 11:55 a.m.: For nearly two years, the fate of Penn Station has been linked to the construction of 10 nearby commercial towers. That coupling may be coming undone. During his 2020 State of the State address, then-Gov. Andrew Cuomo announced that revenue generated from acquiring and redeveloping properties surrounding the station would help pay for eight new tracks a block south of the transit hub. The General Project Plan mentions payments

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Hotel conversions race against the clock

On a nondescript corner in Brooklyn, sandwiched between on-ramps for the Brooklyn and Manhattan bridges, a long-vacant hotel formerly run by the Jehovah’s Witnesses is starting a new chapter. Aby Rosen’s RFR Realty acquired the 29-story building at 90 Sands Street for $135 million in 2017, intending to create, as his partner Ian Schrager described it to the New York Post, “the No. 1 hotel in Brooklyn.” Those plans never came to fruition, and a

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Hochul urged to resolve Mario Cuomo Bridge dispute

Gov. Kathy Hochul is being asked to clean up another of Andrew Cuomo’s messes — on his father’s namesake bridge, lest construction firms reject future state projects. Tappan Zee Constructors sent a letter to Hochul about the state’s management of the Mario Cuomo Bridge project. In the letter, detailed by Politico, TZC executive Sam Choy warned Hochul that contractors in the consortium could turn away from future state projects until a resolution is reached. The

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Cuomo’s High Line project survives him, boosting Brookfield

Andrew Cuomo’s resignation last month left the fate of several of his pet projects up in the air. At least one — his proposed extension of Manhattan’s High Line — is going ahead. The Empire State Development Corporation on Tuesday voted to move forward with the disgraced former governor’s plan to extend the elevated park to Moynihan Train Hall and the Jacob Javits Convention Center. Doug Carr, executive director of the Moynihan Station Development Corporation,

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Cuomo touts record, urges progress on infrastructure projects in farewell

On his final day in office, Gov. Andrew Cuomo touted his progressive bonafides, criticized a former political ally and underscored the importance of transforming a “hellacious” Penn Station. In a pre-taped farewell speech Monday, Cuomo again framed his departure not as an admission of wrongdoing, but as a move that is in the best interest of keeping government functioning. He called a report by state Attorney General Letitia James, which found that he sexually harassed

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