NYC agrees to shell out $60M to property owners whose buildings were seized under program Mamdani vows to revive

New York City is offering a $60 million to settle a class-action lawsuit filed by property owners who had their buildings seized through the city’s controversial Third Party Transfer program, court documents show.
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Gov. Kathy Hochul pushed back Wednesday against Republican rival Bruce Blakeman’s charge that energy rebate checks arriving weeks before Election Day amount to an election-year gimmick, saying she would not make New Yorkers wait until after the campaign for help with rising energy costs. “I won’t make New Yorkers wait for relief. He may want...
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The NTSB has already mapped out a long road ahead.
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The Manhattan judge overseeing a case seeking to overturn the Rent Guidelines Board’s (RGB) June decision to freeze the rent on approximately one million stabilized apartments ruled Wednesday that he needed to see communications between City Hall personnel and the rent board’s decision-makers. The ruling represented a small win for the landlords who brought the...