Five industry priorities for Eric Adams
Mitchell Korbey, chair of Herrick's Land Use & Zoning practice, spoke to The Real Deal about the real estate community's "wish list" for new mayor Eric Adams. Among a focus on crime and pro-business approach, the article also cited Adam's campaign promises of creating affordable housing opportunities as being of interest.
The article also described the recently approved requirement that developers of new hotels obtain a special permit. Mitch explained that it's unlikely the Council will want to give up its new voting power on this issue. He reflected, "Once you create a special permit, it is a nearly impossible task to get the Council to agree to get rid of it[.]"
Read the full article in The Real Deal here. Access may require a subscription.