February 02, 2024 | New York Law Journal
Local Law 97: Condominium and Cooperatives Facing Unique Financing ChallengesAs many building owners in New York City know, Local Law 97 went into effect on Jan. 1, 2024. It is an aggressive plan to cut harmful emissions in New York City by requiring, with some rare exceptions, buildings in excess of 25,000 square feet to reduce their carbon emissions by 40% in 2030 and 80% in 2050.
By Adam R. Sanders and Michael T. Carr
7 minute read
February 12, 2019 | New York Law Journal
Amazon's N.Y. Headquarters Meets the Opportunity Zone ProgramOn Jan. 31, Amazon announced that it will not be utilizing the federal Opportunity Zone Program as part of its acquisition and construction of its Long Island City headquarters. In this article, Adam Sanders writes “While the timing of this announcement appears to be orchestrated to act as an olive branch to local politicians, residents and protestors to deflect from the tax breaks that Amazon is already receiving by passing on the tax benefits of the opportunity zone program, the question remains would or could Amazon have utilized the opportunity zone program anyway?”
By Adam R. Sanders
10 minute read
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