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“Mayor Adams’ Willets Point development is a shot in the arm for Queens, the city” Mayor Eric Adams announced Wednesday a plan to build 2,500 new units of housing, a 250-bed hotel and a $780 million, 25,000-seat soccer stadium for the New York City FC near Citi Field in Willets Point, Queens. That’s a great deal for the…
“Penn Station badly needs a redo but Cuomo-Hochul plan doesn’t cut it” Anyone who’s ever been close to Penn Station knows what a hellhole it is. So it’s good that state and transit officials are planning to overhaul the site. Alas, what they’ve presented so far is cause to worry. Gov. Kathy Hochul is picking…
“NIMBY New Yorkers should say ‘Yes’ to Adams’ City of Yes plan” Mayor Eric Adams wants to remake New York into the “City of Yes.” The mayor made his pitch in a speech to the Association for a Better New York last week, laying out a litany of government-inflicted roadblocks holding back growth where we…
“Neiman Marcus weighs $5.2M to stay in Dallas, eyes remote work” Dallas officials have approved $5.2 million in economic incentives to keep Neiman Marcus from pulling up stakes in its hometown — but the luxury chain isn’t yet committing, saying it’s shifting to a remote-work strategy that’s less reliant on a corporate headquarters. Neiman and…
“#Don’t buy the latest climate-change alarmism” The Intergovernmental Panel on Climate Change just released its latest climate report, and reactions from politicians and media pundits could not have been more predictable. Fitting the apocalyptic narrative many have spun lately, the always-breathless Guardian literally summarized this scientific report as finding mankind “guilty as hell” of “climate crimes of humanity.” (Needless to say,…
“#Incompetent de Blasio team whiffs on $1 billion Bronx boost” If you thought Mayor de Blasio’s inept governance of our city couldn’t get any worse in his administration’s waning days, think again. A consortium of businesses working with the New York Yankees handed the city a $1 billion development plan for a blighted South Bronx neighborhood,…
“#Anti-biz NY loses out again — as upstate chipmaker invests in Singapore” Good news: Upstate chip manufacturer GlobalFoundries is investing $4 billion in a new factory. Bad news: The factory will be located in . . . Singapore. Not New York. Only two months ago, the giant chipmaker announced it was moving its corporate headquarters to its state-of-the-art Fab 8…
“#74K NYC construction jobs lost during pandemic” The New York City construction industry lost 74,000 jobs and $9.8 billion in activity last year during shutdowns triggered by the coronavirus pandemic, according to a new study by an industry group — which is urging lawmakers to take action to get hard hats back to work. The…
“#NYC must stop Cuomo’s plan to demolish area around Penn Station” Say this for Andrew Cuomo: He’s a full-service governor when it comes to wrecking New York City. Send thousands to lonely deaths in nursing homes? Check. Appoint pals to the parole board who set killers free? Check. Lock down restaurants and cinemas while they’re…
“#Samsung eyes four locations for $17 billion chip factory” Samsung is looking at four sites in three different US states where it could build a $17 billion computer chip plant, records show. The South Korean tech giant is considering two locations in Arizona and one in New York in addition to a site in Austin,…