Adam R Sanders

Adam R Sanders

February 02, 2024 | New York Law Journal

Local Law 97: Condominium and Cooperatives Facing Unique Financing Challenges

As 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 Program

On 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