{"id":252952,"date":"2021-05-18T23:50:08","date_gmt":"2021-05-18T20:50:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/74k-nyc-construction-jobs-lost-during-pandemic\/"},"modified":"2021-05-18T23:50:08","modified_gmt":"2021-05-18T20:50:08","slug":"74k-nyc-construction-jobs-lost-during-pandemic","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/74k-nyc-construction-jobs-lost-during-pandemic\/","title":{"rendered":"#74K NYC construction jobs lost during pandemic"},"content":{"rendered":"

“#74K NYC construction jobs lost during pandemic<\/strong>”<\/p>\n

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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 \u2014 which is urging lawmakers to take action to get hard hats back to work. <\/p>\n

The COVID-19 safety restrictions that closed job sites resulted in a loss of $5.5 billion in wages and 8.3 percent in commercial real estate, mortgage recording and transfer taxes to the city, the analysis conducted for the Building Trades Employers Association said.<\/p>\n

The building and construction trade industry represents 20 percent of the city\u2019s economy, 10 percent of jobs and 5 percent of wages, the report said.<\/p>\n

The city is not expected to regain all the jobs lost during the pandemic until 2025.<\/p>\n

\u201cWe\u2019re at a critical point in our history. New York City is in danger,\u201d said Lou Coletti, president and CEO of the Building Trade Employers Association.<\/p>\n

\"The
The building and construction industry accounts accounts for nearly a quarter of NYC\u2019s economy.<\/figcaption>
Michael M. Santiago\/Getty Images<\/span><\/figcaption><\/figure>\n

\u201cThe city shot itself in the foot with Amazon. We\u2019re strangling ourselves,\u201d he added, referring to the proposed Amazon campus along the Queens waterfront that was scuttled by anti-development politics.<\/p>\n

Coletti is urging Gov. Andrew Cuomo, the state legislature, Mayor de Blasio and the City Council to take actions to rev up construction.<\/p>\n

Tops on his list is persuading lawmakers to back Cuomo\u2019s controversial Penn Station redevelopment project.<\/p>\n

Cuomo\u2019s plan would redevelop the area around Penn Station, with 10 new office towers, as well as giving the dowdy rail station a makeover.<\/p>\n

\"It
It could take another four years to gain back the job losses.<\/figcaption>
Justin Lane\/EPA<\/span><\/figcaption><\/figure>\n

Amid neighborhood opposition, lawmakers in the state budget had limited the use of $1.3 billion in bonds for the \u201cEmpire State Complex\u201d to expanding the station and upgrading its tracks \u2014 and excluded financing for the above-ground tower development.<\/p>\n

The contractors\u2019 group lawmakers to allow the Penn project to skip the city\u2019s lengthy Uniformed Land Use Review Procedure, which it fears could kill the development.<\/p>\n

\u201cWe\u2019re not opposed to a public process. What we\u2019re concerned about is opposition that stops the project,\u201d Coletti said.<\/p>\n

He argued that knee-jerk opposition to development post-pandemic could be the \u201cdeath knell to the city.\u201d<\/p>\n

\"Lou
Lou Coletti, the president and CEO of the Building Trade Employers Association, has called on the state to take more action to build back the construction industry.<\/figcaption>
Mike Segar\/Reuters<\/span><\/figcaption><\/figure>\n

The group is also calling on Albany to pass legislation to help lower building insurance costs and allow design-build procurement \u2014 the hiring of architects and engineers and a general<\/a> contractor at the same time \u2014 to speed up completion of projects.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#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 \u2014 which is urging lawmakers to take action to get hard hats back to work. The…<\/p>\n","protected":false},"author":1,"featured_media":252953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/construction-jobs-loss-03.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[106210,73233,70344,71560,5070],"class_list":["post-252952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-18-21","tag-construction","tag-coronavirus-in-ny","tag-economic-development","tag-jobs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/252952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=252952"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/252952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/252953"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=252952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=252952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=252952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}