Why Environmental Groups are Backing the NY Heat Act
The legislation includes a provision that has the power to curb the expansion of gas infrastructure in New York.
“Why put new gas pipes in the ground for new construction, when we’ve already passed laws saying we should be moving away from using gas?” the bill’s sponsor Senator Liz Krueger told City Limits.
Opinion: Don’t Bail Out New York’s Rent Stabilized Buildings —Yet
“The rent stabilized building bubble will persist as long as there are greater fools to cash out bad bets. If Albany bails out this market now, with bad data and before the market has started to price buildings properly, they risk turning taxpayers into the greatest fools of all.”
